Back to Investors
Bruce Berkowitz
Deep ValueFairholme Capital
Concentrated value investor and Morningstar's Fund Manager of the Decade (2000s).
Portfolio Value
$1.4B
Holdings
15
Top 10 Concentration
99.8%
Latest Period
Q4 2025
Portfolio Holdings
As reported on February 17, 2026 · vs Q3 2025
| # | Security | Value | Shares | % Portfolio | Change |
|---|---|---|---|---|---|
| 1 | ST JOE CO CUSIP: 790148100 | $1.2B | 19,422,467 | 80.4% | -0.8% |
| 2 | ENTERPRISE PRODS PARTNERS L CUSIP: 293792107 | $174.7M | 5,450,400 | 12.2% | 0.0% |
| 3 | BANK OZK CUSIP: 06417N103 | $42.0M | 913,652 | 2.9% | -0.2% |
| 4 | BERKSHIRE HATHAWAY INC DEL CUSIP: 084670702 | $24.1M | 48,012 | 1.7% | -0.9% |
| 5 | WR BERKLEY CORP CUSIP: 084423102 | $18.2M | 260,150 | 1.3% | -0.5% |
| 6 | PROGRESSIVE CORP NEWCUSIP: 743315103 | $5.8M | 25,600 | 0.4% | NEW |
| 7 | CF INDS HLDGS INC NEWCUSIP: 125269100 | $4.2M | 54,700 | 0.3% | NEW |
| 8 | OCCIDENTAL PETE CORP CUSIP: 674599105 | $2.8M | 69,100 | 0.2% | 0.0% |
| 9 | ENERGY TRANSFER L P CUSIP: 29273V100 | $2.7M | 166,600 | 0.2% | 0.0% |
| 10 | TARGET CORP NEWCUSIP: 87612E106 | $2.2M | 23,000 | 0.2% | NEW |
| 11 | NATURAL RESOURCE PARTNERS L NEWCUSIP: 63900P608 | $1.3M | 12,000 | 0.1% | NEW |
| 12 | BERKSHIRE HATHAWAY INC DEL CUSIP: 084670108 | $754.8K | 1 | 0.1% | 0.0% |
| 13 | APPLE INC CUSIP: 037833100 | $652.5K | 2,400 | 0.0% | 0.0% |
| 14 | DIAMONDBACK ENERGY INC CUSIP: 25278X109 | $601.3K | 4,000 | 0.0% | 0.0% |
| 15 | EOG RES INC CUSIP: 26875P101 | $210.0K | 2,000 | 0.0% | 0.0% |