Quarter Ending 3/31/2011 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 AMERICAN INTL GROUP WTS 23,722,162 $11.13 $264,028,000
N/A N/A ASTRAZENECA PLC ADR 155,000 $46.12 $7,149,000
N/A N/A BRISTOL-MYERS SQUIBB CO. 277,000 $26.43 $7,321,000
N/A N/A BROOKFIELD ASSET MGMT INC CL A 27,500,000 $32.46 $892,650,000
N/A N/A CISCO SYS INC COM 35,818,600 $17.15 $614,289,000
N/A N/A GLAXOSMITHKLINE PLC ADR 190,000 $38.41 $7,298,000
N/A N/A ELI LILLY & CO. 209,000 $35.17 $7,351,000
N/A N/A TELEFONICA S.A. ADR 817,500 $25.22 $20,617,000
*****  SOLD OFF
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
N/A N/A GENERAL ELECTRIC CORP COM 15,953,000 $18.29 $291,780,000
N/A N/A GENERAL GROWTH PROPERTIES, INC 113,600,256 $15.48 $1,758,532,000
N/A N/A HUMANA INC COM 8,300 $54.70 $454,000
N/A N/A WELLCARE HEALTH PLANS INC COM 3,569,800 $30.22 $107,879,000
*****  HOLD POSITIONS
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
0.00% 4.03% BERKSHIRE HATHAWAY INC DEL CL 4,022 4,022 $125,300.10 $120,450.02 $503,957,000 $484,450,000
0.00% 9.10% ROYAL DUTCH SHELL PLC-ADR 174,900 174,900 $72.86 $66.78 $12,743,000 $11,680,000
*****  AUGMENTED POSITIONS
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
0.55% -0.07% 509,200 BANK OF AMERICA CORPORATION CO 92,648,715 92,139,515 $13.33 $13.34 $1,235,007,000 $1,229,141,000
14.92% 4.39% 1,020,950 BERKSHIRE HATHAWAY INC DEL CL 7,864,250 6,843,300 $83.63 $80.11 $657,687,000 $548,217,000
8.98% -6.55% 21,305,600 CITIGROUP INC COM 258,442,600 237,137,000 $4.42 $4.73 $1,142,316,000 $1,121,658,000
13.81% -5.76% 813,400 GOLDMAN SACHS GROUP, INC. 6,702,300 5,888,900 $158.47 $168.16 $1,062,113,000 $990,277,000
7.29% -16.26% 2,801,300 MBIA INC COM 41,253,900 38,452,600 $10.04 $11.99 $414,189,000 $461,047,000
0.80% 0.40% 308,900 MORGAN STANLEY COM 38,891,300 38,582,400 $27.32 $27.21 $1,062,510,000 $1,049,827,000
9.36% 12.07% 1,396,100 SEARS HLDGS CORP COM 16,313,973 14,917,873 $82.65 $73.75 $1,348,350,000 $1,100,193,000
*****  REDUCED POSITIONS
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
-93.15% 4.15% -8,738,000 AT&T INC COM 642,700 9,380,700 $30.60 $29.38 $19,667,000 $275,605,000
-0.20% -39.01% -87,971 AMERICAN INTL GROUP COM 44,198,015 44,285,986 $35.14 $57.62 $1,553,118,000 $2,551,759,000
-76.32% 10.05% -3,618,700 BANCO SANTANDER SA- ADR 1,122,500 4,741,200 $11.72 $10.65 $13,156,000 $50,494,000
-0.67% -9.66% -134,100 CIT GROUP INC. 19,862,429 19,996,529 $42.55 $47.10 $845,146,000 $941,837,000
-0.93% 28.65% -177,040 LEUCADIA NATL CORP COM 18,830,881 19,007,921 $37.54 $29.18 $706,911,000 $554,651,000
-19.05% 47.64% -2,788,900 RSC HOLDINGS, INC. 11,849,700 14,638,600 $14.38 $9.74 $170,399,000 $142,580,000
-0.34% 3.71% -421,900 REGIONS FINANCIAL CORP 124,035,304 124,457,204 $7.26 $7.00 $900,496,000 $871,200,000
-0.23% 11.29% -60,284 ST JOE CO COM 26,727,836 26,788,120 $24.32 $21.85 $649,965,000 $585,320,000
-36.97% 23.35% -6,423,800 SPIRIT AEROSYSTEMS HLDGS INC C 10,949,900 17,373,700 $25.67 $20.81 $281,084,000 $361,547,000
-92.67% 7.72% -6,859,700 VERIZON COMMUNICATIONS INC COM 542,700 7,402,400 $38.54 $35.78 $20,916,000 $264,858,000
-34.19% -4.22% -851,900 WINTHROP REALTY TRUST 1,639,948 2,491,848 $12.25 $12.79 $20,089,000 $31,871,000