# Fairholme Capital Management: 13F portfolio, Q2 2026

Investment firm, South Miami.

Source: SEC Form 13F filed 2026-08-14 for the quarter ended 2026-06-30: https://www.sec.gov/Archives/edgar/data/1056831/000091957426005488/0000919574-26-005488-index.htm
Values are as the manager reported them in the filing, not current market prices.
Page: https://valuepeg.com/managers/fairholme-capital
Updated: 2026-08-14 · Next filing due by 2026-11-14

## Summary
- Reported value: $1.5B (Q1 2026: $1.5B)
- Positions: 13 (Q1 2026: 10)
- Top 10 holdings: 99.8% of the portfolio
- This quarter: 3 new, 4 added to, 1 trimmed, 0 sold out

## What Fairholme Capital Management did in Q2 2026
Fairholme Capital Management opened new positions in Pfizer, Campbell's and United Parcel Service. It raised its stake in Berkshire Hathaway by 450%, Kraft Heinz by 92% and Berkshire Hathaway by 74%. St Joe is still the largest holding, at 76.4% of the portfolio.

## Biggest buys
- Pfizer (PFE): New
- Campbell's (CPB): New
- United Parcel Service (UPS): New
- Berkshire Hathaway (BRK-A): +450%
- Kraft Heinz (KHC): +92%

## Biggest sells
- St Joe (JOE): −5%

## Top 13 holdings
| # | Company | Ticker | % of portfolio | Reported value | Change vs Q1 2026 | Held since |
|---|---|---|---|---|---|---|
| 1 | St Joe | JOE | 76.4% | $1.1B | −5% | Q3 2024 or earlier |
| 2 | Enterprise Products Partners | EPD | 13.5% | $200.6M | No change | Q3 2024 or earlier |
| 3 | Bank OZK | OZK | 3.2% | $48.0M | No change | Q3 2024 or earlier |
| 4 | Berkshire Hathaway | BRK-B | 3.0% | $44.0M | +74% | Q3 2024 or earlier |
| 5 | Berkley W R | WRB | 1.2% | $18.1M | No change | Q3 2024 or earlier |
| 6 | Progressive | PGR | 1.1% | $15.8M | +9% | Q4 2025 |
| 7 | Berkshire Hathaway | BRK-A | 0.6% | $8.2M | +450% | Q3 2024 or earlier |
| 8 | Pfizer | PFE | 0.4% | $5.6M | New | Q2 2026 |
| 9 | Kraft Heinz | KHC | 0.3% | $4.8M | +92% | Q1 2026 |
| 10 | Campbell's | CPB | 0.2% | $2.6M | New | Q2 2026 |
| 11 | United Parcel Service | UPS | 0.2% | $2.6M | New | Q2 2026 |
| 12 | Apple | AAPL | 0.0% | $694.5K | No change | Q3 2024 or earlier |
| 13 | Home Bancshares | HOMB | 0.0% | $345.5K | No change | Q1 2026 |

## Other value investors
- Fundsmith: https://valuepeg.com/managers/fundsmith
- Gardner Russo & Quinn: https://valuepeg.com/managers/gardner-russo-quinn
- Giverny Capital: https://valuepeg.com/managers/giverny-capital
- Gotham Asset Management (Joel Greenblatt): https://valuepeg.com/managers/gotham-asset-management
- Greenlight Capital: https://valuepeg.com/managers/greenlight-capital

## About this data
- **What is a 13F?** A quarterly report to the SEC in which an investment manager with over $100 million in US-listed stocks lists what it holds.
- **How current is it?** Managers file up to 45 days after each quarter ends, so the holdings may have changed since.
- **Whose figures are these?** The values are as the manager reported them in the filing, not today's prices. The SEC lets a manager keep some positions confidential for a time, and those are not in the filing.
- **What does it leave out?** Short positions, cash, bonds and most holdings outside US markets. Options are left out here too.

Not investment advice.