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General Category => Berkshire Hathaway => Topic started by: zarley on February 02, 2009, 08:52:09 AM

Title: Fairholme Sells out of BRK
Post by: zarley on February 02, 2009, 08:52:09 AM
According to the recently released annual report for the Fairholme Fund, they have sold all of their holdings in BRK.

http://www.fairholmefunds.com/2008ar.pdf (http://www.fairholmefunds.com/2008ar.pdf)

Quote
During the last six months of the fiscal year, the Fund materially disposed of
common stock holdings in the following corporations:
    Berkshire Hathaway, Inc.
    Daily Journal Corp.
    HomeFed Corp.
    IDT Corp.
    Mohawk Industries, Inc.
    Mueller Water Products Inc.
    Mylan Laboratories, Inc.
    USG Corp.

Quote
Top 10 Holdings:
    Pfizer, Inc. 18.72%
    Sears Holdings Corp. 6.08%
    Forest Laboratories, Inc. 5.98%
    Canadian Natural Resources Ltd. 5.13%
    WellPoint, Inc. 4.82%
    Boeing Co. 4.64%
    Northrop Grumman Corp. 4.61%
    UnitedHealth Group, Inc. 4.54%
    The St. Joe Co. 3.81%
    Humana, Inc. 3.41%

    61.74%
Title: Re: Fairholme Sells out of BRK
Post by: Mungerism on February 08, 2009, 07:02:11 PM
Notice Bruce has no financial stocks?
Here is one explanation why he sold BRK:
http://zenway.com/d/node/55#comment-46