中文
Value GiantsValue investors’ 13F holdings, as a whole
Q2 2026 13FData as of Aug 18, 2026
Deep value

Bruce Berkowitz

Q2 2026 13F: 13 holdings worth about $1.5B; that quarter 3 new, 4 added, 1 trimmed, 0 sold out.

Firm: Fairholme Capital Management LLC
Filer: FAIRHOLME CAPITAL MANAGEMENT LLC CIK 1056831
Last filed: Aug 14, 2026 | Deep value | Counted in this quarter’s totals

13F lists only long positions in US-listed stocks (and some ETFs and convertibles); short positions, cash, bonds, shares listed outside the US and private companies are not shown, so this is not the giant’s whole portfolio.

Why This Giant Is Included

Full selection rules →

13F value
$1.5B
previous $1.5B (−1.6%)
Holdings
13
3 new / 0 sold out
Net deploymentest.
−1.7%
est. net buying ÷ last quarter’s portfolio
Top-10 concentration
100%
overlap with the composite 6%
Turnoverest.
2.6%
held 16 quarters on average
I

Trades in Q2 2026

Sorted by position shift: how many percentage points of the portfolio the trade moved.

How to Read This

Share changes are split-adjusted. Est. trade price = (start + end price) ÷ 2; 13F does not show the actual trade date or price.

MoveCompanyChange in sharesChange %Position shift (pts)Start → end priceEst. trade price
TrimmedJOESt. Joe Co−1.03M−5%−4.32$62.80 → $62.63$62.72
AddedBRK.BBerkshire Hathaway Inc+37.4K+74%+1.71$479.20 → $500.39$489.79
NewPFEPfizer Inc+231.0K—+0.37$28.08 → $24.08$26.08
NewCPBThe Campbell’s Company+116.5K—+0.17$22.27 → $22.27$22.27
NewUPSUnited Parcel Service+23.8K—+0.17$98.38 → $107.50$102.94
AddedKHCKraft Heinz Co+97.0K+92%+0.15$22.49 → $23.62$23.05
AddedPGRProgressive Corp+5.8K+9%+0.09$198.24 → $218.45$208.35
II

All Holdings (12 Companies)

Share classes of one company are combined; click a heading to re-sort.

How to Read This

Est. average cost: shares bought each quarter × (start + end price) ÷ 2, weighted; trims do not change the cost. Positions held before Q1 1999 (or the giant’s earliest electronic filing) start from that quarter’s price and are marked ‘start point’. vs cost = quarter-end price ÷ est. average cost − 1, excluding dividends.

CompanySectorWeight (prev.)SharesValueThis quarterFirst boughtQuarters heldEst. avg costQuarter-end pricevs costHistory
JOESt. Joe CoReal estate76.4%79.7%18.18M$1.1BTrimmed −5%Q4 200775$27.04est.$62.63+132%History
EPDEnterprise Products Partners L.P.Utilities13.5%13.6%5.46M$200.6MHeldQ2 202121$24.19est.$36.76+52%History
BRK.BBerkshire Hathaway IncFinancials3.5%1.7%87.9K$52.2MAdded +74%Q1 201930$402.42est.$500.39+24%History
OZKBank OzkUnclassified3.2%2.8%921.3K$48.0MHeldQ3 202312$44.76est.$52.09+16%History
WRBW.R. Berkley CorpFinancials1.2%1.1%256.4K$18.1MHeldQ2 202313$44.56est.$70.53+58%History
PGRProgressive CorpFinancials1.1%0.9%72.2K$15.8MAdded +9%Q4 20253$221.24est.$218.45−1%History
PFEPfizer IncHealth care0.4%—231.0K$5.6MNewQ2 20261$26.08est.$24.08−8%History
KHCKraft Heinz CoConsumer staples0.3%0.2%202.3K$4.8MAdded +92%Q1 20262$23.22est.$23.62+2%History
CPBThe Campbell’s CompanyConsumer staples0.2%—116.5K$2.6MNewQ2 20261$22.27est.$22.27+0%History
UPSUnited Parcel ServiceIndustrials0.2%—23.8K$2.6MNewQ2 20261$102.94est.$107.50+4%History
AAPLApple IncInformation technology0.0%0.0%2.4K$694KHeldQ3 202024$121.66est.$289.36+138%History
HOMBHome Bancshares IncFinancials0.0%0.0%12.1K$345KHeldQ1 20262$27.36est.$28.55+4%History
III

Portfolio Map: Size Is Weight, Colour Is Gain or Loss against Cost

How to Read This

Each block is a company (up to 60); area = portfolio weight. The darker the colour, the further the quarter-end price is above (or below) the estimated cost: light 5–25%, medium 25–100%, darkest over 100%; grey is within 5%.

above costbelow costwithin 5%
Portfolio MapJOESt. Joe CoEPDEnterprise Products Partner…BRK.BBerkshire Hathawa…OZKBank OzkWRBPGRPFEKHC
IV

Over Time

From Q1 1999, 110 quarters (this giant’s electronic 13F filings).

13F Value

13F Value$0$5.0B$10.0B$15.0BQ1 1999Q4 2001Q3 2004Q2 2007Q1 2010Q4 2012Q3 2015Q2 2018Q1 2021Q2 2026

Holdings

Holdings0255075Q1 1999Q4 2001Q3 2004Q2 2007Q1 2010Q4 2012Q3 2015Q2 2018Q1 2021Q2 2026

Top-10 Concentration

Top-10 Concentration0%25%50%75%100%Q1 1999Q4 2001Q3 2004Q2 2007Q1 2010Q4 2012Q3 2015Q2 2018Q1 2021Q2 2026

Turnover (Est.)

Turnover0%10%20%Q1 1999Q4 2001Q3 2004Q2 2007Q1 2010Q4 2012Q3 2015Q2 2018Q1 2021Q2 2026

Sector Mix

Information technologyFinancialsCommunication & mediaConsumer discretionaryIndustrialsHealth careEnergyOther (incl. unclassified)
Sector Mix0%25%50%75%100%Q1 1999Q4 2001Q3 2004Q2 2007Q1 2010Q4 2012Q3 2015Q2 2018Q1 2021Q2 2026
V

Quarter by Quarter, with the Original Filings

* = not counted in that quarter’s totals. Links open the original SEC filing; 13F-HR/A is an amendment.

Show 110 Quarters
QuarterHoldingsNewSold out13F valueTurnoverNet deploymentSEC
Q2 20261330$1.5B2.6%−1.7%13F-HR
Q1 20261027$1.5B0.9%−1.2%13F-HR
Q4 20251541$1.4B0.7%+0.4%13F-HR
Q3 20251200$1.2B0.0%−2.5%13F-HR
Q2 20251200$1.2B0.0%+1.1%13F-HR
Q1 20251220$1.2B0.3%−2.5%13F-HR
Q4 20241030$1.2B1.2%−0.9%13F-HR
Q3 2024700$1.5B0.6%−0.9%13F-HR
Q2 2024700$1.4B0.7%−3.0%13F-HR
Q1 2024700$1.5B1.3%−1.2%13F-HR
Q4 2023701$1.6B0.2%+1.9%13F-HR
Q3 2023825$1.4B1.9%−4.0%13F-HR
Q2 20231144$1.3B1.9%−5.1%13F-HR
Q1 20231112$1.2B0.2%−5.7%13F-HR
Q4 20221201$1.2B0.6%−3.1%13F-HR
Q3 20221302$1.0B1.2%+0.8%13F-HR
Q2 20221521$1.2B1.1%+0.5%13F-HR
Q1 20221415$1.7B3.2%−1.0%13F-HR
Q4 20211841$1.5B1.5%+2.3%13F-HR
Q3 20211511$1.2B2.7%+3.7%13F-HR
Q2 20211544$1.3B2.6%+0.1%13F-HR
Q1 20211549$1.2B2.5%−4.1%13F-HR
Q4 20202092$1.2B6.3%−1.6%13F-HR
Q3 20201371$652.7M1.8%+2.8%13F-HR
Q2 2020711$597.6M0.7%+2.2%13F-HR
Q1 2020740$510.0M0.2%+14.9%13F-HR
Q4 2019301$527.5M0.0%−4.3%13F-HR
Q3 2019410$475.0M1.1%+3.0%13F-HR
Q2 2019300$467.3M0.0%−6.0%13F-HR
Q1 2019311$473.3M0.8%+6.3%13F-HR
Q4 2018306$366.7M0.0%−17.8%13F-HR
Q3 2018925$599.3M3.5%−13.7%13F-HR
Q2 20181242$744.2M8.8%+11.1%13F-HR
Q1 20181050$700.6M10.2%−2.7%13F-HR
Q4 2017500$726.0M2.0%−3.2%13F-HR
Q3 2017504$906.7M3.0%−4.8%13F-HR
Q2 2017900$981.8M0.8%+2.6%13F-HR
Q1 2017910$1.0B0.1%+2.6%13F-HR
Q4 2016804$982.6M0.0%−18.0%13F-HR
Q3 20161200$1.2B0.5%−12.9%13F-HR
Q2 20161201$1.5B5.8%−8.2%13F-HR
Q1 20161306$1.7B3.7%−17.7%13F-HR
Q4 20151903$2.4B3.3%−27.4%13F-HR
Q3 20152293$3.5B21.7%−21.5%13F-HR
Q2 20151612$4.9B1.8%−5.6%13F-HR
Q1 20151701$5.3B0.2%−25.4%13F-HR
Q4 20141839$7.3B4.3%−4.4%13F-HR
Q3 201424334$7.3B0.6%−24.1%13F-HR
Q2 20145591$9.9B1.8%−1.6%13F-HR
Q1 20144720$9.9B1.7%−2.2%13F-HR
Q4 201345260$9.7B3.1%+13.8%13F-HR
Q3 20131900$8.4B0.2%−0.7%13F-HR
Q2 20131924$7.7B0.6%−9.0%13F-HR 13F-HR/A
Q1 20132132$7.9B3.5%+2.6%13F-HR
Q4 20122001$6.9B0.8%−4.9%13F-HR
Q3 20122120$7.0B0.4%−2.3%13F-HR
Q2 20121912$6.9B0.0%−6.6%13F-HR
Q1 20122021$7.8B1.2%−7.3%13F-HR
Q4 20111918$6.1B0.2%−25.7%13F-HR
Q3 20112683$8.2B1.1%−11.7%13F-HR
Q2 201121411$13.2B22.0%+2.5%13F-HR 13F-HR/A
Q1 20112884$14.4B15.6%−3.7%13F-HR
Q4 20102452$15.8B7.4%+27.7%13F-HR
Q3 20102116$11.2B10.8%−5.7%13F-HR
Q2 20102640$10.7B8.3%+19.6%13F-HR
Q1 201022410$10.7B18.9%+1.8%13F-HR
Q4 20092874$9.2B29.0%+4.7%13F-HR
Q3 20092529$8.1B16.5%−0.0%13F-HR
Q2 20093233$7.1B8.3%−5.4%13F-HR
Q1 20093206$5.5B7.2%−6.2%13F-HR
Q4 20083855$7.1B17.7%+5.6%13F-HR
Q3 20083847$9.5B14.7%+10.2%13F-HR
Q2 20084152$8.7B19.7%+18.2%13F-HR
Q1 20083894$7.8B11.2%+28.0%13F-HR
Q4 20073344$6.7B20.9%+10.8%13F-HR
Q3 20073301$6.1B5.2%+7.7%13F-HR
Q2 20073423$5.5B3.2%+3.3%13F-HR
Q1 20073526$4.9B4.1%+15.1%13F-HR
Q4 20063931$4.2B2.0%+14.9%13F-HR
Q3 20063754$3.4B2.7%+29.1%13F-HR
Q2 20063627$2.7B12.5%+3.9%13F-HR
Q1 200641104$2.5B10.0%+21.8%13F-HR
Q4 20053536$1.9B8.2%+11.9%13F-HR
Q3 20053844$1.7B12.9%+9.4%13F-HR
Q2 20053853$1.5B10.1%+31.9%13F-HR
Q1 20053634$1.1B3.3%+8.7%13F-HR
Q4 20043748$1.1B6.3%+5.6%13F-HR
Q3 20044113$888.0M5.8%+14.6%13F-HR
Q2 200443111$745.7M1.1%−7.4%13F-HR
Q1 20045360$835.3M0.4%+4.1%13F-HR
Q4 20034767$720.3M7.7%+1.3%13F-HR 13F-HR/A
Q3 20034877$635.7M2.6%+3.3%13F-HR
Q2 20034854$599.7M4.2%+2.8%13F-HR
Q1 20034732$510.6M6.7%+0.7%13F-HR
Q4 20024664$542.9M9.1%−1.1%13F-HR
Q3 20024404$546.5M1.3%+6.5%13F-HR
Q2 200248410$544.2M1.1%+4.8%13F-HR 13F-HR/A
Q1 200254624$550.5M1.8%−6.2%13F-HR
Q4 20017225$581.7M4.8%−2.8%13F-HR
Q3 200175210$569.3M1.9%+7.8%13F-HR
Q2 200183129$546.5M2.4%−14.7%13F-HR
Q1 200180410$606.8M5.9%+0.6%13F-HR
Q4 200086127$634.6M1.7%−3.4%13F-HR/A 13F-HR
Q3 20008176$593.0M7.2%−2.1%13F-HR
Q2 200080178$489.8M6.9%+0.9%13F-HR
Q1 200071710$489.3M4.1%−7.1%13F-HR
Q4 1999741810$514.6M7.5%+2.9%13F-HR
Q3 199966164$521.2M9.1%+3.1%13F-HR
Q2 199954278$596.3M9.0%+4.9%13F-HR
Q1 19993500$559.0M——13F-HR
VI

Large Positions Sold Out

Positions that once made up 2% or more of the portfolio and were later sold out (latest 40): holding period and what became of the company, without profit or loss.

How to Read This

Sold out means the holding no longer appears on the 13F: it may have been sold, or the company was acquired or delisted. Company status is checked only for companies the giants together once held $100M or more of, from the company’s own SEC filings (for example 8-K item 1.03 = bankruptcy filing); a dash means not checked.

CompanyHeldPeak weightCompany since
CMCCommercial Metals CoQ2 2021 – Q3 20239%Still filing with the SEC
KHCKraft Heinz CoQ1 2020 – Q4 20202%—
VSTOVista Outdoor IncQ1 2018 – Q2 202011%—
KHCKraft Heinz CoQ3 2019 – Q4 20194%—
SHLDQSears Holdings CorpQ3 2005 – Q4 201832%Bankruptcy filing while held or within 2 years of the sale Oct 15, 2018
TAT&T IncQ1 2018 – Q4 20185%Still filing with the SEC
VSTVistra CorpQ1 2018 – Q4 20184%Still filing with the SEC
SPBSpectrum Brands Holdings, IncQ3 2018 – Q4 20184%—
SHLWQSears Holdings CORP-CW19Q4 2014 – Q4 20183%No SEC record found
—Spectrum Brands Holdings, IncQ2 2018 – Q3 20183%Still filing with the SEC
—Spectrum Brands Legacy IncQ2 2018 – Q3 20183%—
CCitigroup IncQ2 2018 – Q3 20182%—
—Jefferies Financial Group IncQ1 1999 – Q2 201827%Still filing with the SEC
SRGSeritage Growth PropertiesQ3 2015 – Q2 201819%Still filing with the SEC
LELands’ End IncQ3 2015 – Q3 20177%Still filing with the SEC
SRSCQSears Canada IncQ4 2014 – Q3 20174%Acquired or delisted Jul 21, 2017
BACBank of America CorpQ1 2010 – Q4 201626%—
AIG.WSAmerican INTERNATIONAL-CW21Q1 2011 – Q4 201621%No SEC record found
BAC.WS.ABank of America CORP-CW19Q3 2011 – Q4 20165%No SEC record found
DNOWDNOW IncQ3 2015 – Q2 20167%—
AIGAmerican International Group, IncQ1 2010 – Q1 201650%Still filing with the SEC
BRK.BBerkshire Hathaway IncQ1 1999 – Q1 201628%—
BRK.BBerkshire Hathaway IncQ1 2010 – Q1 20166%—
CNQCanadian Natural ResourcesQ3 2015 – Q1 20165%—
IBMInternational Business Machines CorpQ3 2015 – Q1 20163%—
MRCMRC Global IncQ3 2015 – Q1 20163%Still filing with the SEC
CCitigroup IncQ3 2015 – Q4 20154%—
CCitigroup IncQ2 2011 – Q1 20158%—
—Fannie Mae PFD. FQ4 2013 – Q3 20146%No SEC record found
—Federal Home Loan Mortgage CorpQ4 2013 – Q3 20144%No SEC record found
—Expand Energy CorpQ1 2013 – Q2 20143%Bankruptcy filing; the company kept filing Jun 29, 2020
MBIMBIA IncQ2 2010 – Q2 20139%—
CITGQCit Group IncQ4 2009 – Q1 201311%Acquired or delisted Jan 14, 2022
RFRegions Financial CorpQ4 2009 – Q2 20126%Still filing with the SEC
GSGoldman Sachs Group IncQ2 2010 – Q1 20128%—
BNBrookfield CorpQ1 2011 – Q4 20117%—
MSMorgan StanleyQ2 2010 – Q3 20118%Still filing with the SEC
—Citigroup IncQ4 2009 – Q2 20119%Still filing with the SEC
SPRSpirit Aerosystems HoldQ3 2008 – Q2 20116%Still filing with the SEC
CSCOCisco Systems IncQ1 2011 – Q2 20114%—