Quarter Ending 09/30/2009 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 CARDINAL HEALTH INC. 1,526,900 $26.80 $40,921,000
N/A N/A WYETH COM 4,187,900 $48.58 $203,448,000
*****  SOLD OFF
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
N/A N/A AMERICAN EXPRESS CO COM 6,331,150 $23.24 $147,136,000
N/A N/A BOEING CO COM 5,554,744 $42.50 $236,077,000
N/A N/A GENERAL DYNAMICS CORP COM 2,089,900 $55.39 $115,760,000
N/A N/A GYRODYNE CO AMER INC COM 10,256 $42.02 $431,000
N/A N/A HSBC HLDGS PLC SPON ADR NEW 28,093 $41.75 $1,173,000
N/A N/A HOMEFED CORP COM PAR $.01 149,469 $20.00 $2,989,000
N/A N/A MERITOR SVGS BK PA COM 38,645 $2.51 $97,000
N/A N/A UNITEDHEALTH GROUP INC COM 9,914,633 $24.98 $247,668,000
N/A N/A WESCO FINL CORP COM 980 $290.82 $285,000
*****  HOLD POSITIONS
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
0.00% 16.53% AMERICREDIT CORP COM 32,307,322 32,307,322 $15.79 $13.55 $510,133,000 $437,764,000
0.00% 11.95% COCA COLA CO COM 12,900 12,900 $53.72 $47.98 $693,000 $619,000
0.00% 26.65% DAILY JOURNAL CORP COM 18,850 18,850 $57.98 $45.78 $1,093,000 $863,000
0.00% 24.35% PENN WEST ENERGY TR TR UNIT 15,129 15,129 $15.86 $12.76 $240,000 $193,000
0.00% -1.82% SEARS HOLDINGCLL OPT          108,000 108,000 $65.31 $66.52 $7,053,000 $7,184,000
0.00% 30.46% TAL INTL GROUP INC COM 2,724,862 2,724,862 $14.22 $10.90 $38,748,000 $29,701,000
*****  AUGMENTED POSITIONS
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
161.39% 12.22% 1,367 BERKSHIRE HATHAWAY INC DEL CL 2,214 847 $101,000.00 $90,000.00 $223,614,000 $76,230,000
573.47% 14.75% 147,422 BERKSHIRE HATHAWAY INC DEL CL 173,129 25,707 $3,323.00 $2,895.75 $575,308,000 $74,441,000
56.88% 15.62% 5,425,200 HUMANA INC COM 14,962,600 9,537,400 $37.30 $32.26 $558,105,000 $307,677,000
1.97% 17.21% 355,069 LEUCADIA NATL CORP COM 18,363,872 18,008,803 $24.72 $21.09 $453,955,000 $379,806,000
112.44% 8.19% 3,235,000 RSC HOLDINGS, INC. 6,112,100 2,877,100 $7.27 $6.72 $44,435,000 $19,334,000
3.48% 9.93% 860,212 ST JOE CO COM 25,611,755 24,751,543 $29.12 $26.49 $745,814,000 $655,668,000
12.53% -1.82% 1,700,600 SEARS HLDGS CORP COM 15,277,039 13,576,439 $65.31 $66.52 $997,743,000 $903,105,000
19.62% 31.44% 4,347,033 SPIRIT AEROSYSTEMS HLDGS INC C  26,502,871 22,155,838 $18.06 $13.74 $478,642,000 $304,421,000
4.88% 27.88% 360 WHITE MTNS INS GROUP LTD COM 7,734 7,374 $292.73 $228.91 $2,264,000 $1,688,000
*****  REDUCED POSITIONS
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
-26.18% 11.02% -5,000 BRISTOL MYERS SQUIBB CO COM 14,100 19,100 $22.55 $20.31 $318,000 $388,000
-17.81% 17.24% -3,231,830 FOREST LABS INC COM 14,915,414 18,147,244 $29.44 $25.11 $439,110,000 $455,677,000
-0.32% 35.54% -186,758 HERTZ GLOBAL HOLDINGS INC COM 58,630,603 58,817,361 $10.83 $7.99 $634,969,000 $469,951,000
-0.40% 13.29% -22,545 NORTHROP GRUMMAN CORP COM 5,544,441 5,566,986 $51.75 $45.68 $286,925,000 $254,300,000
-15.73% 10.33% -13,713,068 PFIZER INC COM 73,469,780 87,182,848 $16.55 $15.00 $1,215,925,000 $1,307,743,000
-27.24% 58.70% -2,742,236 UNITED RENTALS INC COM 7,323,525 10,065,761 $10.30 $6.49 $75,432,000 $65,327,000
-0.15% 33.31% -12,289 WELLCARE HEALTH PLANS INC COM 8,387,474 8,399,763 $24.65 $18.49 $206,751,000 $155,312,000
-23.72% -6.94% -2,066,206 WELLPOINT INC COM 6,644,504 8,710,710 $47.36 $50.89 $314,684,000 $443,288,000
-0.86% 9.06% -9,939 WINTHROP RLTY TR SH BEN INT 1,140,294 1,150,233 $9.74 $8.93 $11,106,000 $10,272,000
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