Fairholme Capital

Bruce Berkowitz

Latest filing · Q2 2026

Sold more than boughtFiled Aug 14, 2026 for holdings on Jun 30, 2026, 45 days after the quarter ended. The next one is due by Nov 14, 2026.

Stocks reported

$1.49B

as of Jun 30, 2026

Positions

all shown below

Top 10 stocks

99.8%

of the money in stocks

Options

None

none reported

What changed in Q2 2026

compared with Q1 2026, by number of shares

New buys3

PFEPfizer0.4%
CPBCampbell's0.2%
UPSUnited Parcel Service0.2%

Added to4

BRK.BBerkshire Hathaway · also BRK.A74.1% more
KHCKraft Heinz92.1% more
PGRProgressive8.7% more

Trimmed1

JOESt Joe5.3% fewer

Exited0

None.

Portfolio

as of Jun 30, 2026 · source

#	Holding	Weight	Value	Shares	Vs last quarter	Held since
1	JOESt Joe Trimmed −5.3%	76.4%	$1.14B	18.2M	Trimmed −5.3%	≤ Q2 2013
2	EPDEnterprise Products Partners	13.5%	$201M	5.5M	No change	Q4 2020
3	OZKBank Ozk	3.2%	$48.0M	921K	No change	Q3 2023
4	BRK.BBerkshire Hathaway Added +74.1%	3.0%	$44.0M	88K	Added +74.1%	≤ Q2 2013
5	WRBWr Berkley	1.2%	$18.1M	256K	No change	Q2 2023
6	PGRProgressive Added +8.7%	1.1%	$15.8M	72K	Added +8.7%	Q4 2025
7	BRK.ABerkshire Hathaway Added +450%	0.6%	$8.2M	11	Added +450%	≤ Q2 2013
8	PFEPfizer New	0.4%	$5.6M	231K	New	Q2 2026
9	KHCKraft Heinz Added +92.1%	0.3%	$4.8M	202K	Added +92.1%	Q3 2019
10	CPBCampbell's New	0.2%	$2.6M	117K	New	Q2 2026
11	UPSUnited Parcel Service New	0.2%	$2.6M	24K	New	Q2 2026
12	AAPLApple	<0.1%	$694K	2,400	No change	Q3 2020
13	HOMBHome Bancshares	<0.1%	$345K	12K	No change	Q3 2023

Values at quarter end, not today's prices.

Filing history

53 quarters since Q2 2013

Quarter	Filed	Lag	Stocks	Positions	Filing
Q2 2026	Aug 14, 2026	45d	$1.49B	13	EDGAR
Q1 2026	May 15, 2026	45d	$1.51B	10	EDGAR
Q4 2025	Feb 17, 2026	48d	$1.43B	15	EDGAR
Q3 2025	Nov 14, 2025	45d	$1.24B	12	EDGAR
Q2 2025	Aug 14, 2025	45d	$1.23B	12	EDGAR
Q1 2025	May 15, 2025	45d	$1.22B	12	EDGAR
Q4 2024	Feb 14, 2025	45d	$1.18B	10	EDGAR
Q3 2024	Nov 14, 2024	45d	$1.46B	7	EDGAR
Q2 2024	Aug 14, 2024	45d	$1.39B	7	EDGAR
Q1 2024	May 15, 2024	45d	$1.51B	7	EDGAR
Q4 2023	Feb 14, 2024	45d	$1.56B	7	EDGAR
Q3 2023	Nov 14, 2023	45d	$1.41B	8	EDGAR
Q2 2023	Aug 14, 2023	45d	$1.32B	11	EDGAR
Q1 2023	May 15, 2023	45d	$1.21B	11	EDGAR
Q4 2022	Feb 14, 2023	45d	$1.20B	12	EDGAR
Q3 2022	Nov 14, 2022	45d	$1.03B	13	EDGAR
Q2 2022	Aug 15, 2022	46d	$1.21B	15	EDGAR
Q1 2022	May 16, 2022	46d	$1.72B	14	EDGAR
Q4 2021	Feb 14, 2022	45d	$1.53B	18	EDGAR
Q3 2021	Nov 15, 2021	46d	$1.24B	15	EDGAR
Q2 2021	Aug 16, 2021	47d	$1.27B	15	EDGAR
Q1 2021	May 17, 2021	47d	$1.21B	15	EDGAR
Q4 2020	Feb 16, 2021	47d	$1.24B	20	EDGAR
Q3 2020	Nov 16, 2020	47d	$653M	13	EDGAR
Q2 2020	Aug 14, 2020	45d	$598M	7	EDGAR
Q1 2020	May 15, 2020	45d	$510M	7	EDGAR
Q4 2019	Feb 14, 2020	45d	$528M	3	EDGAR
Q3 2019	Nov 14, 2019	45d	$475M	4	EDGAR
Q2 2019	Aug 14, 2019	45d	$467M	3	EDGAR
Q1 2019	May 15, 2019	45d	$473M	3	EDGAR
Q4 2018	Feb 14, 2019	45d	$367M	3	EDGAR
Q3 2018	Nov 14, 2018	45d	$599M	9	EDGAR
Q2 2018	Aug 14, 2018	45d	$744M	12	EDGAR
Q1 2018	May 15, 2018	45d	$701M	10	EDGAR
Q4 2017	Feb 15, 2018	46d	$726M	5	EDGAR
Q3 2017	Nov 14, 2017	45d	$907M	5	EDGAR
Q2 2017	Aug 14, 2017	45d	$982M	9	EDGAR
Q1 2017	May 15, 2017	45d	$1.03B	9	EDGAR
Q4 2016	Feb 14, 2017	45d	$983M	8	EDGAR
Q3 2016	Nov 14, 2016	45d	$1.25B	12	EDGAR
Q2 2016	Aug 15, 2016	46d	$1.45B	12	EDGAR
Q1 2016	May 16, 2016	46d	$1.66B	13	EDGAR
Q4 2015	Feb 16, 2016	47d	$2.43B	19	EDGAR
Q3 2015	Nov 16, 2015	47d	$3.47B	22	EDGAR
Q2 2015	Aug 14, 2015	45d	$4.92B	16	EDGAR
Q1 2015	May 15, 2015	45d	$5.34B	17	EDGAR
Q4 2014	Feb 17, 2015	48d	$7.30B	18	EDGAR
Q3 2014	Nov 14, 2014	45d	$7.26B	24	EDGAR
Q2 2014	Aug 14, 2014	45d	$9.94B	55	EDGAR
Q1 2014	May 15, 2014	45d	$9.90B	47	EDGAR
Q4 2013	Feb 14, 2014	45d	$9.71B	45	EDGAR
Q3 2013	Nov 14, 2013	45d	$8.44B	19	EDGAR
Q2 2013	Aug 14, 2013 *	45d	$7.69B	19	EDGAR

They usually file 45 days after the quarter ends. * amended later.

Earlier filings, quarter by quarter

Aug 14
NewPFE0.4% of the bookNewCPB0.2% of the bookNewUPS0.2% of the bookAddedBRK.B74.1% more sharesAddedBRK.A450% more sharesAddedKHC92.1% more shares
Holdings as of Jun 30 (Q2 2026), filed 45 days later (the report at the SEC)
May 15
NewKHC0.2% of the bookNewHOMB<0.1% of the bookAddedPGR159% more sharesAddedBRK.B5.1% more sharesAddedBRK.A100% more sharesAddedOZK0.8% more shares
Holdings as of Mar 31 (Q1 2026), filed 45 days later (the report at the SEC)
Feb 17
NewPGR0.4% of the bookNewCF0.3% of the bookNewTGT0.2% of the bookNewNRP0.1% of the bookTrimmedJOE0.8% fewer sharesTrimmedBRK.B0.9% fewer shares
Holdings as of Dec 31 (Q4 2025), filed 48 days later (the report at the SEC)
Nov 14
TrimmedJOE3.1% fewer sharesTrimmedBRK.B0.3% fewer sharesTrimmedOZK0.1% fewer shares
Holdings as of Sep 30 (Q3 2025), filed 45 days later (the report at the SEC)
Aug 14
AddedOZK45.1% more sharesAddedOXY27.3% more sharesTrimmedBRK.B0.3% fewer shares
Holdings as of Jun 30 (Q2 2025), filed 45 days later (the report at the SEC)
May 15
NewFANG0.1% of the bookNewCNR<0.1% of the bookAddedOXY503% more sharesTrimmedJOE2.0% fewer sharesTrimmedET80.5% fewer sharesTrimmedOZK1.8% fewer shares
Holdings as of Mar 31 (Q1 2025), filed 45 days later (the report at the SEC)

About Fairholme Capital: Extremely concentrated. Most of the book sits in one or two holdings. A 13F is up to 45 days old when filed and shows long US stock positions only. Not investment advice.