In Q2 2026, Fairholme Capital Management held 12 US-listed stocks worth $1.5bn. Its biggest move was cutting St JOE (5% fewer shares, now 76%), followed by adding to Berkshire Hathaway (74% more shares, now 3.5%). It started 3 new positions and sold out of 0. Its largest holding is St JOE at 76%.
2% of the $1.2bn of shares held in Fairholme Capital Management’s one US-registered fund, Fairholme Fund, by value, are not in its 13F. Those holdings are marked with a gold dot below.
US holdings from the 13F
Q2 2026, filed 14 Aug 2026 (filing): 3 new, 3 added to, 1 trimmed, 0 sold out. Select a row to see it over time.How this works
Changes compare share counts with Q1 2026, adjusted for stock splits. Share classes of the same company are combined. Values are at quarter-end prices.
13F holdings with change from the previous quarter
Each bar is one 13F. Select a bar or press play to see that quarter’s 12 largest positions.How this works
Bars are split by share of the US portfolio: the six biggest holdings over the period in colour, everything else in grey. The last eight quarters are shown in full, earlier years at year end.
2013
2015
2017
2019
2021
2023
Q4 ’24
Q2 ’25
Q4 ’25
Q2 ’26
JOEEPDAIGSHLDBACSRGEverything else
2013: St JOE 4.9%, Enterprise Products Partners 0.0%, American International Group 47.0%, Sears Holdings 10.8%, Bank of America 16.6%, Seritage Growth Pptys 0.0%; 2014: St JOE 6.3%, Enterprise Products Partners 0.0%, American International Group 47.6%, Sears Holdings 13.8%, Bank of America 24.3%, Seritage Growth Pptys 0.0%; 2015: St JOE 18.6%, Enterprise Products Partners 0.0%, American International Group 22.2%, Sears Holdings 26.9%, Bank of America 6.7%, Seritage Growth Pptys 5.6%; 2016: St JOE 47.2%, Enterprise Products Partners 0.0%, American International Group 0.0%, Sears Holdings 28.6%, Bank of America 0.0%, Seritage Growth Pptys 14.9%; 2017: St JOE 69.4%, Enterprise Products Partners 0.0%, American International Group 0.0%, Sears Holdings 12.2%, Bank of America 0.0%, Seritage Growth Pptys 18.2%; 2018: St JOE 95.3%, Enterprise Products Partners 0.0%, American International Group 0.0%, Sears Holdings 0.0%, Bank of America 0.0%, Seritage Growth Pptys 0.0%; 2019: St JOE 98.9%, Enterprise Products Partners 0.0%, American International Group 0.0%, Sears Holdings 0.0%, Bank of America 0.0%, Seritage Growth Pptys 0.0%; 2020: St JOE 90.8%, Enterprise Products Partners 0.0%, American International Group 0.0%, Sears Holdings 0.0%, Bank of America 1.2%, Seritage Growth Pptys 0.0%; 2021: St JOE 85.4%, Enterprise Products Partners 3.0%, American International Group 0.0%, Sears Holdings 0.0%, Bank of America 0.0%, Seritage Growth Pptys 0.0%; 2022: St JOE 78.5%, Enterprise Products Partners 8.4%, American International Group 0.0%, Sears Holdings 0.0%, Bank of America 0.0%, Seritage Growth Pptys 0.0%; 2023: St JOE 87.6%, Enterprise Products Partners 8.8%, American International Group 0.0%, Sears Holdings 0.0%, Bank of America 0.0%, Seritage Growth Pptys 0.0%; Q3 ’24: St JOE 84.5%, Enterprise Products Partners 10.9%, American International Group 0.0%, Sears Holdings 0.0%, Bank of America 0.0%, Seritage Growth Pptys 0.0%; Q4 ’24: St JOE 78.4%, Enterprise Products Partners 14.5%, American International Group 0.0%, Sears Holdings 0.0%, Bank of America 0.0%, Seritage Growth Pptys 0.0%; Q1 ’25: St JOE 78.1%, Enterprise Products Partners 15.3%, American International Group 0.0%, Sears Holdings 0.0%, Bank of America 0.0%, Seritage Growth Pptys 0.0%; Q2 ’25: St JOE 78.5%, Enterprise Products Partners 13.8%, American International Group 0.0%, Sears Holdings 0.0%, Bank of America 0.0%, Seritage Growth Pptys 0.0%; Q3 ’25: St JOE 78.2%, Enterprise Products Partners 13.8%, American International Group 0.0%, Sears Holdings 0.0%, Bank of America 0.0%, Seritage Growth Pptys 0.0%; Q4 ’25: St JOE 80.4%, Enterprise Products Partners 12.2%, American International Group 0.0%, Sears Holdings 0.0%, Bank of America 0.0%, Seritage Growth Pptys 0.0%; Q1 ’26: St JOE 79.7%, Enterprise Products Partners 13.6%, American International Group 0.0%, Sears Holdings 0.0%, Bank of America 0.0%, Seritage Growth Pptys 0.0%; Q2 ’26: St JOE 76.4%, Enterprise Products Partners 13.5%, American International Group 0.0%, Sears Holdings 0.0%, Bank of America 0.0%, Seritage Growth Pptys 0.0%
Total returns after fees for the FAIRX share class (the cheapest one with a full record). 1, 3 and 5-year figures run to 31 May 2026, built from the monthly returns the fund reports in its N-PORT filings and checked against its shareholder reports. The 10-year figure is from the shareholder report to 31 May 2026. Costs are the expense ratio in the half-year report to 31 May 2026, about $87 a year on $10,000. Past returns don’t predict future ones.
Full portfolio at 29 May 2026, from the fund’s N-PORT filing. Net assets $1.3bn. Cash, bonds and other assets make up 9.7%. Changes are against 27 Feb 2026: 1 new, 1 added to, 1 trimmed, 2 sold out. The 13F is at 30 Jun 2026, so a gold dot can also mean the fund bought the shares after that date.
Fairholme Fund holdings with change from the previous filing
Q1 Q2 Q3 Q4 · each quarter is that quarter’s profits times the stake reported at its end. *2026 so far: 2 quarters. Click a quarter to see its holdings.
Net income is as reported (GAAP), so it includes one-off items and, for some companies, gains or losses on investments they hold. Companies that report under IFRS (most non-US companies) or whose shares we can’t match reliably are left out; “portfolio covered” shows how much is included. Look-through earnings explained. Growth compares earnings per share over the last 12 months with the 12 months a year earlier, for holdings profitable in both.
5% stake filings
Holdings of 5% or more of a company (13D and 13G), usually reported well before the next 13F.How this works
Fairholme Capital Management’s filings since December 2024, newest first. An amendment showing less than 5% means the holding fell below the threshold. A 13D means the holder may seek to influence the company. How to read a 13D.