13F filing recap · Q4 2020

What did Fairholme Capital Management buy in Q4 2020?

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

$1.24B

Positions

Estimated turnover

14.3%

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

CINFCincinnati Financial Corporation$8.45Mreported value+96.7K shares ENBEnbridge Inc.$8.22Mreported value+256.9K shares CVSCVS Health Corp$7.59Mreported value+111.1K shares ORIOld Republic International Corp$7.47Mreported value+379.1K shares MOAltria Group, Inc.$2.22Mreported value+54.2K shares EPDEnterprise Products Partners L.p.$1.86Mreported value+95.0K shares PAAPlains All American Pipeline LP$1.75Mreported value+213.0K shares MMPMagellan Midstream Partners, L.p.$1.74Mreported value+40.9K shares PMPhilip Morris International Inc.$1.17Mreported value+14.1K shares

Increased positions

BACBank of America Corp$14.65Mreported value+146.1K shares+43.3%CNQCanadian Natural Resources Limited$11.43Mreported value+184.8K shares+63.6%TAT&T Inc.$11.18Mreported value+159.2K shares+69.4%KMIKinder Morgan, Inc.$8.64Mreported value+435.4K shares

Reduced positions

JOEThe St. Joe Company$1.12Breported value-14.0K shares-0.1%BRK.BBerkshire Hathaway Inc$13.79Mreported value-257.1K shares-81.2%

Exited positions

KHCKraft Heinz Co$7.98Mprior reported value-266.3K shares-100.0%SPGSimon Property Group, Inc.$3.38Mprior reported value-52.2K shares-100.0%