13F filing recap · Q4 2010

What did Fairholme Capital Management buy in Q4 2010?

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

$15.79B

Positions

Estimated turnover

38.9%

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

GGPGeneral Growth Properties, Inc.$1.76Breported value+113.60M shares TAT&T Inc.$275.61Mreported value+9.38M shares VZVerizon Communications Inc$264.86Mreported value+7.40M shares SANBanco Santander, S.a.$50.49Mreported value+4.74M shares RDS-AShell Plc$11.68Mreported value+174.9K shares

Increased positions

AIGAmerican International Group, Inc.$2.55Breported value+11.38M shares+34.6%BACBank of America Corp$1.23Breported value+21.46M shares+30.4%SHLDQSears Holdings Corporation$1.10Breported value+256.2K shares+1.7%MSMorgan Stanley$1.05Breported value+2.24M shares

Reduced positions

CCitigroup Inc$1.12Breported value-4.28M shares-1.8%GSThe Goldman Sachs Group, Inc.$990.28Mreported value-120.9K shares-2.0%LUKLeucadia National Corporation$554.65Mreported value-261.5K shares-1.4%SPRSpirit Aerosystems Holdings, Inc.$361.55Mreported value-2.09M shares

Exited positions

ACFGeneral Motors Financial Co Inc$606.74Mprior reported value-24.80M shares-100.0%TALTal International Group, Inc.$35.56Mprior reported value-1.47M shares-100.0%