13F filing recap · Q1 2013

What did Fairholme Capital Management buy in Q1 2013?

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

$7.86B

Positions

Estimated turnover

10.2%

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

CHKChesapeake Energy Corporation$272.96Mreported value+13.37M shares CNQCanadian Natural Resources Limited$35.40Mreported value+1.10M shares GNWGenworth Financial, Inc.$8.99Mreported value+898.8K shares

Increased positions

AIGAmerican International Group, Inc.$3.33Breported value+37.8K shares+0.0%BACBank of America Corp$1.23Breported value+82.5K shares+0.1%SHLDQSears Holdings Corporation$974.85Mreported value+1.36M shares+7.5%LUKLeucadia National Corporation$514.87Mreported value+845.8K shares

Reduced positions

JOEThe St. Joe Company$532.01Mreported value-83.7K shares-0.3%AIG WSAmerican International Group, Inc.$369.60Mreported value-31.1K shares-0.1%MBIMbia Inc.$322.74Mreported value-11.07M shares-26.0%WFC WSWells Fargo & Company/mn$16.11Mreported value-31.3K shares

Exited positions

CITCit Group Inc$124.55Mprior reported value-3.22M shares-100.0%JEFJefferies Financial Group Inc.$26.59Mprior reported value-1.43M shares-100.0%