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 13F filing (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 47.3% over the past year. OpenStocks tracks 40 consecutive 13F filings for this manager — every position change, new entry, and exit is logged below.

Portfolio
$1.43B
Positions
15
Quarter
2025Q4
Filings tracked
40
1Y+47.3%3Y+70.1%5Y+57.7%Full performance →
1-Yearactual
+47.27%
since 2024Q4
3-Yearactual
+70.07%
since 2022Q4
5-Yearactual
+57.71%
since 2020Q4
10-Year
insufficient history

Performance overview

We mark Bruce Berkowitz (Fairholme)'s disclosed 13F book to current market prices and compare its growth against the S&P 500 (SPY). Bruce's portfolio is 47.3% over the last 12 months · 290.6% since 2016Q1.

Portfolio growth vs SPY
Rebased to 100 at 2016Q1 · through 2025Q4
Bruce Berkowitz
-13.4%
SPY
-92252831132016Q12020Q42025Q4
Portfolio line tracks reported 13F AUM (mark-to-market on filing dates). It includes inflows/outflows so it isn't a pure time-weighted return — same convention as Dataroma and StockCircle.
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
$255M
Lifetime sells
$589M
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
12 positions
Top 1
78%
of book