13F filing recap · Q1 2015

What did Fairholme Capital Management buy in Q1 2015?

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

$5.34B

Positions

Estimated turnover

29.2%

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.

Increased positions

SHLDQSears Holdings Corporation$160.41Mreported value+2.6K shares+0.0%SRSCQSears Canada Inc$135.29Mreported value+593.7K shares+4.2%BAC WS ABank of America Corp$79.38Mreported value+1.16M shares+9.4%

Reduced positions

AIGAmerican International Group, Inc.$1.31Breported value-27.42M shares-53.5%BACBank of America Corp$1.18Breported value-17.55M shares-18.6%SHLDQSears Holdings Corporation$1.08Breported value-556.1K shares-2.1%AIG WSAmerican International Group, Inc.$534.07Mreported value-18.1K shares

Exited positions

CCitigroup Inc$2.95Mprior reported value-54.6K shares-100.0%