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Asset manager

Fairholme Capital Management LLC

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1056831

Reported value
$1.5bn
93% in companies we cover
Positions we cover
10
Largest JOE 76.4%
Copy, a year
+14.0%
S&P 500 +14.1%
Copy Sharpe ratio
0.54
S&P 500 0.78

How copying its 13F would have done

$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.0k$56.3k
CopyS&P 500 $10,000 copying Fairholme Capital Management LLC's filed holdings in companies we cover from August 16, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −43.5% (S&P 500 −31.8%); beta 1.01; alpha +2.3% a year (t = 0.37); last 12 months +24.3% against +12.1%.

Reported value by quarter

Fairholme Capital Management LLC: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $500B $1T $1.5T Reported value, 2013-06-30: $7.7B Reported value, 2013-09-30: $8.4B Reported value, 2013-12-31: $9.7B Reported value, 2014-03-31: $9.9B Reported value, 2014-06-30: $9.9B Reported value, 2014-09-30: $7.3B Reported value, 2014-12-31: $7.3B Reported value, 2015-03-31: $5.3B Reported value, 2015-06-30: $4.9B Reported value, 2015-09-30: $3.5B Reported value, 2015-12-31: $2.4B Reported value, 2016-03-31: $1.7B Reported value, 2016-06-30: $1.5B Reported value, 2016-09-30: $1.2B Reported value, 2016-12-31: $982.6M Reported value, 2017-03-31: $1B Reported value, 2017-06-30: $981.8M Reported value, 2017-09-30: $906.7M Reported value, 2017-12-31: $726M Reported value, 2018-03-31: $700.6M Reported value, 2018-06-30: $744.2M Reported value, 2018-09-30: $599.3M Reported value, 2018-12-31: $366.7M Reported value, 2019-03-31: $473.3M Reported value, 2019-06-30: $467.3M Reported value, 2019-09-30: $475M Reported value, 2019-12-31: $527.5M Reported value, 2020-03-31: $510M Reported value, 2020-06-30: $597.6M Reported value, 2020-09-30: $652.7M Reported value, 2020-12-31: $1.2B Reported value, 2021-03-31: $1.2B Reported value, 2021-06-30: $1.3B Reported value, 2021-09-30: $1.2B Reported value, 2021-12-31: $1.5B Reported value, 2022-03-31: $1.7B Reported value, 2022-06-30: $1.2B Reported value, 2022-09-30: $1B Reported value, 2022-12-31: $1.2T Reported value, 2023-03-31: $1.2B Reported value, 2023-06-30: $1.3B Reported value, 2023-09-30: $1.4B Reported value, 2023-12-31: $1.6B Reported value, 2024-03-31: $1.5B Reported value, 2024-06-30: $1.4B Reported value, 2024-09-30: $1.5B Reported value, 2024-12-31: $1.2B Reported value, 2025-03-31: $1.2B Reported value, 2025-06-30: $1.2B Reported value, 2025-09-30: $1.2B Reported value, 2025-12-31: $1.4B Reported value, 2026-03-31: $1.5B Reported value, 2026-06-30: $1.5B 2013-06-30 2016-03-31 2018-12-31 2021-09-30 2026-06-30 $1.5B
View chart data
Period Reported value
2013-06-30 $7.7B
2013-09-30 $8.4B
2013-12-31 $9.7B
2014-03-31 $9.9B
2014-06-30 $9.9B
2014-09-30 $7.3B
2014-12-31 $7.3B
2015-03-31 $5.3B
2015-06-30 $4.9B
2015-09-30 $3.5B
2015-12-31 $2.4B
2016-03-31 $1.7B
2016-06-30 $1.5B
2016-09-30 $1.2B
2016-12-31 $982.6M
2017-03-31 $1B
2017-06-30 $981.8M
2017-09-30 $906.7M
2017-12-31 $726M
2018-03-31 $700.6M
2018-06-30 $744.2M
2018-09-30 $599.3M
2018-12-31 $366.7M
2019-03-31 $473.3M
2019-06-30 $467.3M
2019-09-30 $475M
2019-12-31 $527.5M
2020-03-31 $510M
2020-06-30 $597.6M
2020-09-30 $652.7M
2020-12-31 $1.2B
2021-03-31 $1.2B
2021-06-30 $1.3B
2021-09-30 $1.2B
2021-12-31 $1.5B
2022-03-31 $1.7B
2022-06-30 $1.2B
2022-09-30 $1B
2022-12-31 $1.2T
2023-03-31 $1.2B
2023-06-30 $1.3B
2023-09-30 $1.4B
2023-12-31 $1.6B
2024-03-31 $1.5B
2024-06-30 $1.4B
2024-09-30 $1.5B
2024-12-31 $1.2B
2025-03-31 $1.2B
2025-06-30 $1.2B
2025-09-30 $1.2B
2025-12-31 $1.4B
2026-03-31 $1.5B
2026-06-30 $1.5B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
JOEST JOE Co76.43%$1.1bn18.18M−5.4% Reduced
EPDEnterprise Products Partners L.p.13.46%$200.6m5.46M0.0%
WRBW. R. Berkley Corporation1.21%$18.1m256.4K0.0%
PGRProgressive Corporation1.06%$15.8m72.2K+8.7% Added
PFEPfizer0.37%$5.6m231.0KNew
KHCKraft Heinz0.32%$4.8m202.3K+92.1% Added
CPBCampbell's Co0.17%$2.6m116.5KNew
UPSUnited Parcel Service0.17%$2.6m23.8KNew
AAPLApple Inc.0.05%$694,4642.4K0.0%
HOMBHome Bancshares Inc0.02%$345,45512.1K0.0%
CompanyBought (value)Shares
PFEPfizer$5.6m231.0K
CPBCampbell's Co$2.6m116.5K
UPSUnited Parcel Service$2.6m23.8K
KHCKraft Heinz$2.3m97.0K
PGRProgressive Corporation$1.3m5.8K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
JOEST JOE Co−$64.4m−1.03M

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

No positions in covered companies were sold out this quarter.

  • Real Estate81.9%
  • Energy14.4%
  • Financials2.5%
  • Consumer Staples0.5%
  • Health Care0.4%
  • Industrials0.2%
  • Technology0.0%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 16, 2013 to November 2, 2026+14.0%+14.1%0.540.78−43.5%1.01
2018 onwardsJanuary 5, 2018 to November 2, 2026+18.1%+13.9%0.600.66−43.5%0.97
Last three yearsNovember 3, 2023 to November 2, 2026+13.8%+21.8%0.471.16−29.0%0.65
Last yearNovember 7, 2025 to November 2, 2026+21.1%+14.2%0.760.84−12.3%0.38

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.