13F filing recap · Q3 2014

What did Fairholme Capital Management buy in Q3 2014?

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

$7.26B

Positions

Estimated turnover

26.9%

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

CHKChesapeake Energy Corporation$12.34Mreported value+536.9K shares BPBp Plc$2.37Mreported value+54.0K shares NYCBFlagstar Bank, National Association$2.35Mreported value+148.0K shares

Increased positions

SHLDQSears Holdings Corporation$643.52Mreported value+833.5K shares+3.4%BAC WS ABank of America Corp$92.69Mreported value+200.4K shares+1.6%

Reduced positions

AIGAmerican International Group, Inc.$3.26Breported value-9.50M shares-13.6%BACBank of America Corp$1.67Breported value-721.5K shares-0.7%AIG WSAmerican International Group, Inc.$585.07Mreported value-9.1K shares-0.0%JOEThe St. Joe Company$494.45Mreported value-27.4K shares

Exited positions

FNMAFederal National Mortgage Association$610.89Mprior reported value-59.02M shares-100.0%FMCCFederal Home Loan Mortgage Corp$435.33Mprior reported value-39.90M shares-100.0%FNMAFederal National Mortgage Association$117.29Mprior reported value-6.34M shares-100.0%FNMAFederal National Mortgage Association$80.72Mprior reported value