| Enlightened American: Bruce Berkowitz (Fairholme) Q2 2008 13F-HR Filing | ||||||||||
| Quarter Ending 06/30/2008 | 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 | FOREST LABS INC COM | 12,270,000 | $34.74 | $426,260,000 | |||||
| N/A | N/A | JEFFERIES GROUP INC | 1,978,565 | $16.82 | $33,279,000 | |||||
| N/A | N/A | MOHAWK COCLL OPT 50.0000 | 60,000 | $64.10 | $3,846,000 | |||||
| N/A | N/A | PFIZER INC COM | 73,742,200 | $17.47 | $1,288,276,000 | |||||
| N/A | N/A | PFIZER INCCLL OPT 15.0000 | 164,000 | $17.47 | $2,865,000 | |||||
| N/A | N/A | SEARS HOLDINGCLL OPT 60.0000 | 368,500 | $73.66 | $27,143,000 | |||||
| N/A | N/A | SEARS HOLDINGCLL OPT 75.0000 | 395,100 | $73.66 | $29,102,000 | |||||
| N/A | N/A | UNITEDHEALTH GROUP INC COM | 16,899,500 | $26.25 | $443,612,000 | |||||
| N/A | N/A | WELLPOINTCLL OPT 40.0000 | 223,500 | $47.66 | $10,652,000 | |||||
| N/A | N/A | HERBALIFE LTD COM USD SHS | 1,070,000 | $38.75 | $41,462,000 | |||||
| ***** SOLD OFF | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| N/A | N/A | GLAXOSMITHKLINE PLC SPONSORED | 2,384,700 | $42.43 | $101,183,000 | |||||
| N/A | N/A | HEALTH NET INC | 2,384,800 | $30.80 | $73,452,000 | |||||
| N/A | N/A | SEARS HOLDING CLL OPT 80 | 354,000 | $112.94 | $39,981,000 | |||||
| N/A | N/A | CANADIAN NATUR CLL OPT 50 | 283,800 | $46.46 | $13,185,000 | |||||
| N/A | N/A | WELL POINT CLL OPT 40 | 150,000 | $48.36 | $7,254,000 | |||||
| ***** HOLD POSITIONS | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| 0.00% | -38.84% | CALUMET SPEC PROD PTNR UT LTD | 43,300 | 43,300 | $14.36 | $23.49 | $622,000 | $1,017,000 | ||
| 0.00% | -2.71% | DUKE ENERGY CORP COM | 43,400 | 43,400 | $17.37 | $17.86 | $754,000 | $775,000 | ||
| 0.00% | -11.55% | GYRODYNE CO AMER INC COM | 11,026 | 11,026 | $34.74 | $39.27 | $383,000 | $433,000 | ||
| 0.00% | -54.79% | IDT CORP | 2,644,300 | 2,644,300 | $1.51 | $3.34 | $3,993,000 | $8,832,000 | ||
| 0.00% | -56.07% | IDT CORP CL B | 6,571,500 | 6,571,500 | $1.70 | $3.87 | $11,172,000 | $25,432,000 | ||
| 0.00% | -16.67% | MARKEL CORP | 750 | 750 | $366.67 | $440.00 | $275,000 | $330,000 | ||
| 0.00% | -5.81% | MERITOR SVGS BK PA COM | 43,645 | 43,645 | $3.71 | $3.94 | $162,000 | $172,000 | ||
| 0.00% | 26.32% | SPECTRA ENERGY CORP COM | 21,700 | 21,700 | $28.76 | $22.76 | $624,000 | $494,000 | ||
| 0.00% | -5.56% | WESCO FINL CORP COM | 980 | 980 | $381.63 | $404.08 | $374,000 | $396,000 | ||
| ***** AUGMENTED POSITIONS | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| 15.57% | -14.40% | 2,020,200 | AMERICREDIT CORP COM | 14,995,600 | 12,975,400 | $8.62 | $10.07 | $129,262,000 | $130,662,000 | |
| 3.40% | 1.91% | 819,600 | DISH NETWORK CORP CL A | 24,915,422 | 24,095,822 | $29.28 | $28.73 | $729,524,000 | $692,273,000 | |
| 5.92% | 5.69% | 342,860 | ECHOSTAR CORP CL A | 6,132,420 | 5,789,560 | $31.22 | $29.54 | $191,454,000 | $171,024,000 | |
| 2.32% | -6.78% | 428 | HSBC HLDGS PLC SPON ADR NEW | 18,847 | 18,419 | $76.72 | $82.31 | $1,446,000 | $1,516,000 | |
| 10.11% | 3.80% | 1,050,990 | LEUCADIA NATL CORP COM | 11,444,993 | 10,394,003 | $46.94 | $45.22 | $537,228,000 | $470,017,000 | |
| 16.12% | -10.49% | 994,400 | MOHAWK INDS INC COM | 7,163,821 | 6,169,421 | $64.10 | $71.61 | $459,201,000 | $441,792,000 | |
| 37.44% | -27.85% | 3,369,200 | SEARS HLDGS CORPCOM | 12,368,790 | 8,999,590 | $73.66 | $102.09 | $911,085,000 | $918,768,000 | |
| 115.68% | 4.09% | 5,199,700 | UNITED RENTALS INC COM | 9,694,500 | 4,494,800 | $19.61 | $18.84 | $190,109,000 | $84,682,000 | |
| 7.61% | -7.19% | 581,700 | WELLCARE HEALTH PLANS COM | 8,224,500 | 7,642,800 | $36.15 | $38.95 | $297,316,000 | $297,687,000 | |
| 11.69% | 8.00% | 1,287,600 | WELLPOINT INC | 12,303,400 | 11,015,800 | $47.66 | $44.13 | $586,380,000 | $486,127,000 | |
| 83.86% | -12.62% | 1,979,870 | WINTHROP REALTY TRUST INC | 4,340,750 | 2,360,880 | $3.60 | $4.12 | $15,627,000 | $9,727,000 | |
| ***** REDUCED POSITIONS | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| -12.86% | -9.48% | -1,227 | BERKSHIRE HATHAWAY INC DEL A | 8,313 | 9,540 | $120,750.03 | $133,400.00 | $1,003,795,000 | $1,272,636,000 | |
| -20.16% | -10.30% | -3,949 | BERKSHIRE HATHAWAY INC DEL B | 15,643 | 19,592 | $4,012.02 | $4,472.90 | $62,760,000 | $87,633,000 | |
| -99.35% | -3.61% | -8,615,600 | BRISTOL MYERS SQUIBB | 56,500 | 8,672,100 | $20.53 | $21.30 | $1,160,000 | $184,716,000 | |
| -68.62% | 46.86% | -10,438,400 | CANADIAN NAT RES LTD | 4,774,323 | 15,212,723 | $100.25 | $68.26 | $478,626,000 | $1,038,421,000 | |
| -11.95% | -14.57% | -1,750 | COCA COLA CO | 12,900 | 14,650 | $52.02 | $60.89 | $671,000 | $892,000 | |
| -2.43% | -1.94% | -1,601 | DAILY JOURNAL CORP COM | 64,401 | 66,002 | $40.25 | $41.04 | $2,592,000 | $2,709,000 | |
| -5.09% | -4.38% | -15,586 | HOMEFED CORP | 290,463 | 306,049 | $46.95 | $49.10 | $13,637,000 | $15,027,000 | |
| -9.70% | 5.44% | -7,000 | MERCURY GENL CORP NEW | 65,150 | 72,150 | $46.72 | $44.31 | $3,044,000 | $3,197,000 | |
| -0.05% | -1.35% | -200 | MUELLER WTR PRODS INC COM SER | 393,400 | 393,600 | $8.07 | $8.18 | $3,175,000 | $3,220,000 | |
| -0.38% | 8.38% | -49,500 | MUELLER WTR PRODS INC COM SER | 12,926,000 | 12,975,500 | $8.54 | $7.88 | $110,388,000 | $102,247,000 | |
| -5.92% | 4.05% | -866,100 | MYLAN INC COM | 13,756,000 | 14,622,100 | $12.07 | $11.60 | $166,035,000 | $169,616,000 | |
| 0.00% | 20.95% | -1 | PENN WEST ENERGY TR UNIT | 167,346 | 167,347 | $33.84 | $27.98 | $5,663,000 | $4,682,000 | |
| -26.28% | -20.06% | -3,384,500 | ST JOE CO COM | 9,492,300 | 12,876,800 | $34.32 | $42.93 | $325,776,000 | $552,801,000 | |
| -11.75% | -3.52% | -324,300 | TAL INTERNATIONAL GROUP INC | 2,436,697 | 2,760,997 | $22.74 | $23.57 | $55,410,000 | $65,077,000 | |
| -17.77% | -19.69% | -1,527,200 | USG CORP NEW COM | 7,066,936 | 8,594,136 | $29.57 | $36.82 | $208,969,000 | $316,436,000 | |
| -65.89% | -10.62% | -14,048 | WHITE MTNS INS GROUP LTD | 7,274 | 21,322 | $429.06 | $480.02 | $3,121,000 | $10,235,000 | |