13F filing recap · Q2 2016

What did Fairholme Capital Management buy in Q2 2016?

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

$1.45B

Positions

Estimated turnover

20.1%

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

JOEThe St. Joe Company$433.26Mreported value+467.2K shares+1.9%SHLDQSears Holdings Corporation$379.22Mreported value+1.26M shares+4.8%BACBank of America Corp$172.15Mreported value+4.40M shares+51.4%SRSCQSears Canada Inc$59.38Mreported value+995.2K shares+5.3%LELands’ End, Inc.$49.25Mreported value+82.1K shares+2.8%SHOSSears Hometown and Outlet Stores, Inc.$5.24Mreported value+550 shares+0.1%

Reduced positions

SRGSeritage Growth Properties$171.14Mreported value-14.1K shares-0.4%AIG WSAmerican International Group, Inc.$99.44Mreported value-5.36M shares-50.2%BAC WS ABank of America Corp$54.97Mreported value-1.00M shares-6.0%SHLDQSears Holdings Corporation$26.12Mreported value-13.8K shares

Exited positions

DNOWDnow Inc.$120.17Mprior reported value-6.78M shares-100.0%