13F filing recap · Q1 2008

What did Fairholme Capital Management buy in Q1 2008?

Reported stock-position changes between this filing and the previous one. US-listed stocks across every Fairholme account, including accounts that belong to no fund below.

Stock value

$7.75B

Positions

Estimated turnover

44.0%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

WLPWellpoint Inc$486.13Mreported value+11.02M shares BMYBristol-Myers Squibb Company$184.72Mreported value+8.67M shares ECHOEchostar Corporation$171.02Mreported value+5.79M shares MYLMylan N.v.$169.62Mreported value+14.62M shares ACFGeneral Motors Financial Co Inc$130.66Mreported value+12.98M shares GSKGsk Plc$101.18Mreported value+2.38M shares URIUnited Rentals, Inc.$84.68Mreported value+4.49M shares HNTHealth Net Inc$73.45Mreported value+2.38M shares MSVPMeritor Savings Bank$172.0Kreported value+43.6K shares

Increased positions

SHLDQSears Holdings Corporation$918.77Mreported value+2.82M shares+45.7%DISHDish Network Corporation$692.27Mreported value+2.20M shares+10.0%JOEThe St. Joe Company$552.80Mreported value+9.27M shares+257.3%LUKLeucadia National Corporation$470.02Mreported value+1.56M shares

Reduced positions

BRK.ABerkshire Hathaway Inc$1.27Breported value-874 shares-8.4%CNQCanadian Natural Resources Limited$1.04Breported value-5.43M shares-26.3%WCGWellcare Health Plans Inc$297.69Mreported value-7.4K shares-0.1%BRK.BBerkshire Hathaway Inc$87.63Mreported value-15.5K shares

Exited positions

PGRProgressive Corp/oh/$79.71Mprior reported value-4.16M shares-100.0%EMNEastman Chemical Co$6.99Mprior reported value-114.4K shares-100.0%SAFTSafety Insurance Group Inc$1.04Mprior reported value-28.5K shares-100.0%CCitigroup Inc$240.0Kprior reported value-8.2K shares