Asset Manager · CIK 0001056831

Bruce Berkowitz

Fairholme
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Bruce Berkowitz runs Fairholme, an asset manager overseeing $1.43B in disclosed equity holdings (SEC CIK 0001056831). The latest portfolio (2025Q4) discloses 15 positions across 6 sectors, with the largest positions in JOE, EPD and OZK. On a mark-to-market basis the tracked portfolio has returned 27.0% over the past year. OpenStocks tracks 40 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.

Portfolio
$1.43B
Positions
15
Quarter
2025Q4
Filings tracked
40
1Y+27.0%3Y+55.3%5Y+55.7%Full performance →
1-YearTWR
+26.98%
since 2024Q4
3-YearTWR
+55.33%
since 2022Q4
5-YearTWR
+55.72%
since 2020Q4
10-Year
insufficient history

Performance overview

We mark Bruce Berkowitz (Fairholme)'s disclosed portfolio to current market prices and compare its growth against the S&P 500 (SPY). Bruce's portfolio is 27.0% over the last 12 months · 290.6% since 2016Q1.

Portfolio growth vs SPY
Rebased to 100 at 2016Q1 · through 2025Q4
Bruce Berkowitz
+172.3%
SPY
381011642272902016Q12020Q42025Q4
Portfolio line is the GIPS-compliant time-weighted return chain-linked across the manager's quarterly 13F filings — unaffected by capital flows. Quarters with insufficient held-through coverage are skipped, which can briefly flatten the line.
Capital flow per quarter
BuysSellsNet
+$89M+$44M$0-$44M-$89M'22Q1'22Q2'22Q3'22Q4'23Q1'23Q2'23Q3'23Q4'24Q1'24Q2'24Q3'24Q4'25Q1'25Q2'25Q3'25Q4
Latest · 2025Q4
+$3M
Lifetime buys
$278M
Lifetime sells
$602M
Portfolio over time
AUMPositions
$0$569M$1.14B$1.72B157'22Q1'23Q4'25Q4
QoQ AUM
+15.7%
16Q lifetime AUM
-16.8%
QoQ positions
+3
16Q lifetime positions
+1
Position concentration
7 positions
Top 1
85%
of book