13F filing recap · Q2 2015

What did Fairholme Capital Management buy in Q2 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

$4.92B

Positions

Estimated turnover

9.6%

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

NOVNov Inc.$54.64Mreported value+1.13M shares

Increased positions

SHLDQSears Holdings Corporation$711.01Mreported value+640.3K shares+2.5%SRSCQSears Canada Inc$97.95Mreported value+1.39M shares+9.5%SHLDQSears Holdings Corporation$96.37Mreported value+4.3K shares+0.1%BAC WS ABank of America Corp$86.06Mreported value+425.0K shares

Reduced positions

BACBank of America Corp$1.28Breported value-1.27M shares-1.7%AIGAmerican International Group, Inc.$1.16Breported value-5.05M shares-21.2%AIG WSAmerican International Group, Inc.$677.43Mreported value-6.5K shares-0.0%JOEThe St. Joe Company$382.43Mreported value-123.3K shares

Exited positions

WFCWells Fargo & Company/mn$7.81Mprior reported value-143.6K shares-100.0%CNQCanadian Natural Resources Limited$722.0Kprior reported value-23.5K shares-100.0%