Quarter Ending 06/30/2009 Back to the Enlightened American Website
Bruce Berkowitz (Fairholme Capital)
*****  NEW POSITIONS TAKEN
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
N/A N/A BERKSHIRE HATHAWAY INC DEL CL 25,707 $2,895.75 $74,441,000
N/A N/A MERITOR SVGS BK PA COM 38,645 $2.51 $97,000
N/A N/A RSC HOLDINGS, INC. 2,877,100 $6.72 $19,334,000
N/A N/A SEARS HOLDINGCLL OPT          108,000 $66.52 $7,184,000
*****  SOLD OFF
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
N/A N/A CALUMET SPECIALTY PRODS PTNRS 29,200 $10.89 $318,000
N/A N/A CANADIAN NAT RES LTD COM 1,329,670 $38.56 $51,272,000
N/A N/A MARKEL CORP COM 750 $284.00 $213,000
N/A N/A SEARS HOLDING CLL OPT 60.0000 41,400 $45.70 $1,892,000
*****  HOLD POSITIONS
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
0.00% 131.23% AMERICREDIT CORP COM 32,307,322 32,307,322 $13.55 $5.86 $437,764,000 $189,321,000
0.00% 9.17% COCA COLA CO COM 12,900 12,900 $47.98 $43.95 $619,000 $567,000
0.00% 27.10% DAILY JOURNAL CORP COM 18,850 18,850 $45.78 $36.02 $863,000 $679,000
0.00% 81.86% GYRODYNE CO AMER INC COM 10,256 10,256 $42.02 $23.11 $431,000 $237,000
0.00% 34.03% PENN WEST ENERGY TR TR UNIT 15,129 15,129 $12.76 $9.52 $193,000 $144,000
0.00% 5.56% WESCO FINL CORP COM 980 980 $290.82 $275.51 $285,000 $270,000
*****  AUGMENTED POSITIONS
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
6958.33% 3.85% 835 BERKSHIRE HATHAWAY INC DEL CL 847 12 $90,000.00 $86,666.67 $76,230,000 $1,040,000
0.57% 33.18% 11,800 GENERAL DYNAMICS CORP COM 2,089,900 2,078,100 $55.39 $41.59 $115,760,000 $86,428,000
42.98% 48.08% 8,445 HSBC HLDGS PLC SPON ADR NEW 28,093 19,648 $41.75 $28.20 $1,173,000 $554,000
37.62% 103.31% 16,079,223 HERTZ GLOBAL HOLDINGS INC COM 58,817,361 42,738,138 $7.99 $3.93 $469,951,000 $167,961,000
41.14% 23.70% 2,779,800 HUMANA INC COM 9,537,400 6,757,600 $32.26 $26.08 $307,677,000 $176,238,000
34.11% 58.24% 6,295,217 ST JOE CO COM 24,751,543 18,456,326 $26.49 $16.74 $655,668,000 $308,959,000
16.54% 37.81% 3,143,774 SPIRIT AEROSYSTEMS HLDGS INC C  22,155,838 19,012,064 $13.74 $9.97 $304,421,000 $189,550,000
11.83% 48.90% 288,165 TAL INTL GROUP INC COM 2,724,862 2,436,697 $10.90 $7.32 $29,701,000 $17,837,000
3.26% 64.36% 265,350 WELLCARE HEALTH PLANS INC COM 8,399,763 8,134,413 $18.49 $11.25 $155,312,000 $91,512,000
1.37% 33.21% 100 WHITE MTNS INS GROUP LTD COM 7,374 7,274 $228.91 $171.84 $1,688,000 $1,250,000
*****  REDUCED POSITIONS
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
-73.41% 70.51% -17,481,900 AMERICAN EXPRESS CO COM 6,331,150 23,813,050 $23.24 $13.63 $147,136,000 $324,572,000
-36.32% 19.45% -3,167,983 BOEING CO COM 5,554,744 8,722,727 $42.50 $35.58 $236,077,000 $310,355,000
-51.89% -7.30% -20,600 BRISTOL MYERS SQUIBB CO COM 19,100 39,700 $20.31 $21.91 $388,000 $870,000
-9.57% 14.34% -1,920,156 FOREST LABS INC COM 18,147,244 20,067,400 $25.11 $21.96 $455,677,000 $440,680,000
-8.33% 33.31% -13,587 HOMEFED CORP COM PAR $.01 149,469 163,056 $20.00 $15.00 $2,989,000 $2,446,000
-1.32% 41.64% -240,222 LEUCADIA NATL CORP COM 18,008,803 18,249,025 $21.09 $14.89 $379,806,000 $271,728,000
-23.94% 4.67% -1,752,690 NORTHROP GRUMMAN CORP COM 5,566,986 7,319,676 $45.68 $43.64 $254,300,000 $319,431,000
-1.20% 10.13% -1,059,143 PFIZER INC COM 87,182,848 88,241,991 $15.00 $13.62 $1,307,743,000 $1,201,856,000
-5.32% 45.53% -762,500 SEARS HLDGS CORP COM 13,576,439 14,338,939 $66.52 $45.71 $903,105,000 $655,433,000
-1.70% 54.16% -174,444 UNITED RENTALS INC COM 10,065,761 10,240,205 $6.49 $4.21 $65,327,000 $43,111,000
-24.65% 19.35% -3,243,377 UNITEDHEALTH GROUP INC COM 9,914,633 13,158,010 $24.98 $20.93 $247,668,000 $275,397,000
-13.43% 34.03% -1,350,914 WELLPOINT INC COM 8,710,710 10,061,624 $50.89 $37.97 $443,288,000 $382,040,000
-4.84% 29.24% -58,445 WINTHROP RLTY TR SH BEN INT 1,150,233 1,208,678 $8.93 $6.91 $10,272,000 $8,352,000
Back to the Enlightened American Website