13F filing recap · Q3 2016

What did Fairholme Capital Management buy in Q3 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

$1.25B

Positions

Estimated turnover

16.0%

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

SRSCQSears Canada Inc$49.75Mreported value+297.5K shares+1.5%LELands’ End, Inc.$48.61Mreported value+353.2K shares+11.8%

Reduced positions

JOEThe St. Joe Company$449.31Mreported value-5.1K shares-0.0%SHLDQSears Holdings Corporation$319.04Mreported value-24.1K shares-0.1%AIG WSAmerican International Group, Inc.$92.61Mreported value-952.0K shares-17.9%BAC WS ABank of America Corp$60.17Mreported value-2.77M shares