| Bruce Berkowitz (Fairholme Fund) 2008 Q3 13F-HR Filing | ||||||||||
| Quarter Ending 09/30/2008 | 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 | BOEING CO COM | 8,236,177 | $57.35 | $472,345,000 | |||||
| N/A | N/A | HERTZ GLOBAL HOLDINGS INC COM | 12,360,500 | $7.57 | $93,569,000 | |||||
| N/A | N/A | NORTHROP GRUMMAN CORP COM | 4,389,480 | $60.54 | $265,739,000 | |||||
| N/A | N/A | SPIRIT AEROSYSTEMS HLDGS INC C | 3,031,600 | $16.07 | $48,718,000 | |||||
| N/A | N/A | PFIZER INCCLL OPT 15.0000 | 114,000 | $7.28 | $830,000 | |||||
| N/A | N/A | SEARS HOLDINGCLL OPT 60.0000 | 395,700 | $93.50 | $36,998,000 | |||||
| N/A | N/A | SEARS HOLDINGCLL OPT 75.0000 | 41,100 | $93.50 | $3,843,000 | |||||
| N/A | N/A | SEARS HOLDINGCLL OPT 80.0000 | 354,000 | $93.50 | $33,099,000 | |||||
| ***** SOLD OFF | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| N/A | N/A | DUKE ENERGY CORP COM | 43,400 | $17.37 | $754,000 | |||||
| N/A | N/A | JEFFERIES GROUP INC | 1,978,565 | $16.82 | $33,279,000 | |||||
| N/A | N/A | MUELLER WTR PRODS INC COM SER | 393,400 | $8.07 | $3,175,000 | |||||
| N/A | N/A | MYLAN INC COM | 13,756,000 | $12.07 | $166,035,000 | |||||
| N/A | N/A | SPECTRA ENERGY CORP COM | 21,700 | $28.76 | $624,000 | |||||
| N/A | N/A | USG CORP NEW COM | 7,066,936 | $29.57 | $208,969,000 | |||||
| N/A | N/A | PFIZER INCCLL OPT 15.0000 | 164,000 | $17.47 | $2,865,000 | |||||
| N/A | N/A | MOHAWK COCLL OPT 50.0000 | 42,500 | $64.09 | $2,724,000 | |||||
| N/A | N/A | MOHAWK COCLL OPT 60.0000 | 17,500 | $64.11 | $1,122,000 | |||||
| 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 | 41,100 | $73.65 | $3,027,000 | |||||
| N/A | N/A | SEARS HOLDINGCLL OPT 80.0000 | 354,000 | $73.66 | $26,075,000 | |||||
| N/A | N/A | HERBALIFE LTD COM USD SHS | 1,070,000 | $38.75 | $41,462,000 | |||||
| ***** HOLD POSITIONS | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| 0.00% | -13.99% | CALUMET SPEC PROD PTNR UT LTD | 43,300 | 43,300 | $12.36 | $14.36 | $535,000 | $622,000 | ||
| 0.00% | 1.64% | COCA COLA CO | 12,900 | 12,900 | $52.87 | $52.02 | $682,000 | $671,000 | ||
| 0.00% | 9.66% | GYRODYNE CO AMER INC COM | 11,026 | 11,026 | $38.09 | $34.74 | $420,000 | $383,000 | ||
| 0.00% | 5.33% | HSBC HLDGS PLC SPON ADR NEW | 18,847 | 18,847 | $80.81 | $76.72 | $1,523,000 | $1,446,000 | ||
| 0.00% | -4.00% | MARKEL CORP | 750 | 750 | $352.00 | $366.67 | $264,000 | $275,000 | ||
| 0.00% | -16.67% | MERITOR SVGS BK PA COM | 43,645 | 43,645 | $3.09 | $3.71 | $135,000 | $162,000 | ||
| 0.00% | -8.44% | TAL INTERNATIONAL GROUP INC | 2,436,697 | 2,436,697 | $20.82 | $22.74 | $50,732,000 | $55,410,000 | ||
| 0.00% | -6.42% | WESCO FINL CORP COM | 980 | 980 | $357.14 | $381.63 | $350,000 | $374,000 | ||
| 0.00% | 9.48% | WHITE MTNS INS GROUP LTD | 7,274 | 7,274 | $469.76 | $429.06 | $3,417,000 | $3,121,000 | ||
| ***** AUGMENTED POSITIONS | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| 40.37% | 17.52% | 6,053,600 | AMERICREDIT CORP COM | 21,049,200 | 14,995,600 | $10.13 | $8.62 | $213,228,000 | $129,262,000 | |
| 45.81% | -31.71% | 2,187,000 | CANADIAN NAT RES LTD | 6,961,323 | 4,774,323 | $68.46 | $100.25 | $476,572,000 | $478,626,000 | |
| 47.47% | -18.60% | 5,824,100 | FOREST LABS INC COM | 18,094,100 | 12,270,000 | $28.28 | $34.74 | $511,701,000 | $426,260,000 | |
| 35.41% | -3.20% | 4,052,350 | LEUCADIA NATL CORP COM | 15,497,343 | 11,444,993 | $45.44 | $46.94 | $704,199,000 | $537,228,000 | |
| 26.11% | 5.55% | 19,251,425 | PFIZER INC COM | 92,993,625 | 73,742,200 | $18.44 | $17.47 | $1,714,802,000 | $1,288,276,000 | |
| 16.02% | 13.90% | 1,520,600 | ST JOE CO COM | 11,012,900 | 9,492,300 | $39.09 | $34.32 | $430,494,000 | $325,776,000 | |
| 18.01% | 26.93% | 2,227,900 | SEARS HLDGS CORPCOM | 14,596,690 | 12,368,790 | $93.50 | $73.66 | $1,364,791,000 | $911,085,000 | |
| 22.46% | -3.28% | 3,796,083 | UNITEDHEALTH GROUP INC COM | 20,695,583 | 16,899,500 | $25.39 | $26.25 | $525,461,000 | $443,612,000 | |
| 1.23% | -0.41% | 100,800 | WELLCARE HEALTH PLANS COM | 8,325,300 | 8,224,500 | $36.00 | $36.15 | $299,711,000 | $297,316,000 | |
| 17.19% | 8.33% | 746,079 | WINTHROP REALTY TRUST INC | 5,086,829 | 4,340,750 | $3.90 | $3.60 | $19,839,000 | $15,627,000 | |
| ***** REDUCED POSITIONS | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| -51.73% | 8.16% | -4,300 | BERKSHIRE HATHAWAY INC DEL A | 4,013 | 8,313 | $130,600.05 | $120,750.03 | $524,098,000 | $1,003,795,000 | |
| -45.59% | 9.55% | -7,132 | BERKSHIRE HATHAWAY INC DEL B | 8,511 | 15,643 | $4,395.02 | $4,012.02 | $37,406,000 | $62,760,000 | |
| -0.71% | 1.58% | -400 | BRISTOL MYERS SQUIBB | 56,100 | 56,500 | $20.86 | $20.53 | $1,170,000 | $1,160,000 | |
| -18.51% | 6.81% | -11,922 | DAILY JOURNAL CORP COM | 52,479 | 64,401 | $42.99 | $40.25 | $2,256,000 | $2,592,000 | |
| -21.41% | -28.28% | -5,334,800 | DISH NETWORK CORP CL A | 19,580,622 | 24,915,422 | $21.00 | $29.28 | $411,193,000 | $729,524,000 | |
| -41.00% | -22.81% | -2,513,994 | ECHOSTAR CORP CL A | 3,618,426 | 6,132,420 | $24.10 | $31.22 | $87,204,000 | $191,454,000 | |
| -28.06% | -7.39% | -81,506 | HOMEFED CORP | 208,957 | 290,463 | $43.48 | $46.95 | $9,085,000 | $13,637,000 | |
| -3.43% | -65.56% | -90,600 | IDT CORP | 2,553,700 | 2,644,300 | $0.52 | $1.51 | $1,328,000 | $3,993,000 | |
| -52.53% | -56.47% | -3,451,700 | IDT CORP CL B | 3,119,800 | 6,571,500 | $0.74 | $1.70 | $2,309,000 | $11,172,000 | |
| -92.10% | 17.20% | -60,000 | MERCURY GENL CORP NEW | 5,150 | 65,150 | $54.76 | $46.72 | $282,000 | $3,044,000 | |
| -9.10% | 5.13% | -652,100 | MOHAWK INDS INC COM | 6,511,721 | 7,163,821 | $67.39 | $64.10 | $438,825,000 | $459,201,000 | |
| -23.57% | -23.89% | -3,046,100 | MUELLER WTR PRODS INC COM SER | 9,879,900 | 12,926,000 | $6.50 | $8.54 | $64,219,000 | $110,388,000 | |
| -80.95% | -28.80% | -135,470 | PENN WEST ENERGY TR UNIT | 31,876 | 167,346 | $24.09 | $33.84 | $768,000 | $5,663,000 | |
| -10.77% | -22.28% | -1,043,773 | UNITED RENTALS INC COM | 8,650,727 | 9,694,500 | $15.24 | $19.61 | $131,837,000 | $190,109,000 | |
| -3.87% | -1.87% | -475,941 | WELLPOINT INC | 11,827,459 | 12,303,400 | $46.77 | $47.66 | $553,170,000 | $586,380,000 | |
| -44.21% | -1.87% | -98,800 | WELLPOINTCLL OPT 40.0000 | 124,700 | 223,500 | $46.77 | $47.66 | $5,832,000 | $10,652,000 | |