| Enlightened American: Bruce Berkowitz (Fairholme) 2008 Q4 13F SEC filing | ||||||||||
| Quarter Ending 12/31/2008 | 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 | AMERICAN EXPRESS CO COM | 13,536,450 | $18.55 | $251,101,000 | |||||
| N/A | N/A | GENERAL DYNAMICS CORP COM | 2,278,100 | $57.59 | $131,196,000 | |||||
| N/A | N/A | HUMANA INC COM | 8,175,600 | $37.28 | $304,786,000 | |||||
| N/A | N/A | JEFFERIES GROUP INC NEW COM | 4,317,644 | $14.06 | $60,706,000 | |||||
| N/A | N/A | SEARS HOLDINGCLL OPT 60.0000 | 156,600 | $2.90 | $454,000 | |||||
| N/A | N/A | WINTHROP RLTY TR SH BEN INT | 1,254,716 | $10.84 | $13,601,000 | |||||
| ***** SOLD OFF | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| N/A | N/A | ECHOSTAR CORP CL A | 3,618,426 | $24.10 | $87,204,000 | |||||
| N/A | N/A | IDT CORP COM | 2,553,700 | $0.52 | $1,328,000 | |||||
| N/A | N/A | IDT CORP CL B | 3,119,800 | $0.74 | $2,309,000 | |||||
| N/A | N/A | MOHAWK INDS INC COM | 6,511,721 | $67.39 | $438,825,000 | |||||
| N/A | N/A | WINTHROP RLTY TR SH BEN INT | 5,086,829 | $3.90 | $19,839,000 | |||||
| N/A | N/A | PFIZER INCCLL OPT 15.0000 | 114,000 | $7.28 | $830,000 | |||||
| N/A | N/A | WELLPOINTCLL OPT 40.0000 | 124,700 | $46.77 | $5,832,000 | |||||
| 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 | |||||
| ***** HOLD POSITIONS | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| 0.00% | -14.37% | COCA COLA CO COM | 12,900 | 12,900 | $45.27 | $52.87 | $584,000 | $682,000 | ||
| 0.00% | -34.29% | GYRODYNE CO AMER INC COM | 11,026 | 11,026 | $25.03 | $38.09 | $276,000 | $420,000 | ||
| 0.00% | -39.79% | HSBC HLDGS PLC SPON ADR NEW | 18,847 | 18,847 | $48.65 | $80.81 | $917,000 | $1,523,000 | ||
| 0.00% | -15.15% | MARKEL CORP COM | 750 | 750 | $298.67 | $352.00 | $224,000 | $264,000 | ||
| 0.00% | -15.96% | MERCURY GENL CORP NEW COM | 5,150 | 5,150 | $46.02 | $54.76 | $237,000 | $282,000 | ||
| 0.00% | -19.26% | MERITOR SVGS BK PA COM | 43,645 | 43,645 | $2.50 | $3.09 | $109,000 | $135,000 | ||
| 0.00% | -32.28% | TAL INTL GROUP INC COM | 2,436,697 | 2,436,697 | $14.10 | $20.82 | $34,357,000 | $50,732,000 | ||
| 0.00% | -19.43% | WESCO FINL CORP COM | 980 | 980 | $287.76 | $357.14 | $282,000 | $350,000 | ||
| 0.00% | -43.14% | WHITE MTNS INS GROUP LTD COM | 7,274 | 7,274 | $267.12 | $469.76 | $1,943,000 | $3,417,000 | ||
| ***** AUGMENTED POSITIONS | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| 53.48% | -24.58% | 11,258,122 | AMERICREDIT CORP COM | 32,307,322 | 21,049,200 | $7.64 | $10.13 | $246,828,000 | $213,228,000 | |
| 9.77% | -25.60% | 804,651 | BOEING CO COM | 9,040,828 | 8,236,177 | $42.67 | $57.35 | $385,772,000 | $472,345,000 | |
| 53.70% | -41.60% | 3,738,472 | CANADIAN NAT RES LTD COM | 10,699,795 | 6,961,323 | $39.98 | $68.46 | $427,778,000 | $476,572,000 | |
| 12.95% | -9.94% | 2,343,232 | FOREST LABS INC COM | 20,437,332 | 18,094,100 | $25.47 | $28.28 | $520,538,000 | $511,701,000 | |
| 176.69% | -33.03% | 21,840,329 | HERTZ GLOBAL HOLDINGS INC COM | 34,200,829 | 12,360,500 | $5.07 | $7.57 | $173,398,000 | $93,569,000 | |
| 15.95% | -56.43% | 2,471,601 | LEUCADIA NATL CORP COM | 17,968,944 | 15,497,343 | $19.80 | $45.44 | $355,785,000 | $704,199,000 | |
| 104.42% | -25.60% | 4,583,298 | NORTHROP GRUMMAN CORP COM | 8,972,778 | 4,389,480 | $45.04 | $60.54 | $404,134,000 | $265,739,000 | |
| 2.09% | -37.78% | 229,776 | ST JOE CO COM | 11,242,676 | 11,012,900 | $24.32 | $39.09 | $273,421,000 | $430,494,000 | |
| 417.68% | -36.71% | 12,662,389 | SPIRIT AEROSYSTEMS HLDGS INC C | 15,693,989 | 3,031,600 | $10.17 | $16.07 | $159,607,000 | $48,718,000 | |
| 22.58% | -40.16% | 1,953,583 | UNITED RENTALS INC COM | 10,604,310 | 8,650,727 | $9.12 | $15.24 | $96,711,000 | $131,837,000 | |
| 1.59% | -9.92% | 188,598 | WELLPOINT INC COM | 12,016,057 | 11,827,459 | $42.13 | $46.77 | $506,236,000 | $553,170,000 | |
| ***** REDUCED POSITIONS | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| -99.63% | -26.03% | -3,998 | BERKSHIRE HATHAWAY INC DEL CL | 15 | 4,013 | $96,600.00 | $130,600.05 | $1,449,000 | $524,098,000 | |
| -98.58% | -26.85% | -8,390 | BERKSHIRE HATHAWAY INC DEL CL | 121 | 8,511 | $3,214.88 | $4,395.02 | $389,000 | $37,406,000 | |
| -13.90% | 11.48% | -7,800 | BRISTOL MYERS SQUIBB CO COM | 48,300 | 56,100 | $23.25 | $20.86 | $1,123,000 | $1,170,000 | |
| -5.77% | -29.18% | -2,500 | CALUMET SPECIALTY PRODS PTNRS | 40,800 | 43,300 | $8.75 | $12.36 | $357,000 | $535,000 | |
| -64.08% | -20.28% | -33,629 | DAILY JOURNAL CORP COM | 18,850 | 52,479 | $34.27 | $42.99 | $646,000 | $2,256,000 | |
| -84.09% | -47.19% | -16,465,170 | DISH NETWORK CORP CL A | 3,115,452 | 19,580,622 | $11.09 | $21.00 | $34,550,000 | $411,193,000 | |
| -12.94% | -62.05% | -27,029 | HOMEFED CORP COM PAR $.01 | 181,928 | 208,957 | $16.50 | $43.48 | $3,002,000 | $9,085,000 | |
| -29.57% | 29.85% | -2,921,500 | MUELLER WTR PRODS INC COM SER | 6,958,400 | 9,879,900 | $8.44 | $6.50 | $58,729,000 | $64,219,000 | |
| -52.54% | -53.91% | -16,747 | PENN WEST ENERGY TR TR UNIT | 15,129 | 31,876 | $11.10 | $24.09 | $168,000 | $768,000 | |
| -3.76% | -3.96% | -3,498,001 | PFIZER INC COM | 89,495,624 | 92,993,625 | $17.71 | $18.44 | $1,584,968,000 | $1,714,802,000 | |
| -12.31% | -58.43% | -1,796,950 | SEARS HLDGS CORP COM | 12,799,740 | 14,596,690 | $38.87 | $93.50 | $497,526,000 | $1,364,791,000 | |
| -11.90% | 4.77% | -2,463,705 | UNITEDHEALTH GROUP INC COM | 18,231,878 | 20,695,583 | $26.60 | $25.39 | $484,968,000 | $525,461,000 | |
| -0.14% | -64.28% | -11,893 | WELLCARE HEALTH PLANS INC COM | 8,313,407 | 8,325,300 | $12.86 | $36.00 | $106,910,000 | $299,711,000 | |
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