13F filing recap · Q2 2013

What did Fairholme Capital Management buy in Q2 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

$7.69B

Positions

Estimated turnover

9.9%

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

LNCLincoln National Corp$1.66Mreported value+45.6K shares HIGThe Hartford Insurance Group, Inc.$1.65Mreported value+53.3K shares

Increased positions

AIGAmerican International Group, Inc.$3.85Breported value+248.8K shares+0.3%BACBank of America Corp$1.30Breported value+359.4K shares+0.4%SHLDQSears Holdings Corporation$858.14Mreported value+884.2K shares+4.5%GNWGenworth Financial, Inc.$12.27Mreported value+176.4K shares

Reduced positions

JOEThe St. Joe Company$526.63Mreported value-17.9K shares-0.1%LUKLeucadia National Corporation$489.40Mreported value-105.5K shares-0.6%AIG WSAmerican International Group, Inc.$442.85Mreported value-36.6K shares-0.2%BRK.BBerkshire Hathaway Inc$81.31Mreported value-804.5K shares

Exited positions

MBIMbia Inc.$322.74Mprior reported value-31.43M shares-100.0%CNQCanadian Natural Resources Limited$35.40Mprior reported value-1.10M shares-100.0%OSHOrchard Supply Hardware Stores Corporation$2.39Mprior reported value-604.1K shares-100.0%AGOAssured Guaranty Ltd$1.07Mprior reported value