| 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 | |
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