Author Topic: Fairholme Sells out of BRK  (Read 4294 times)


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Fairholme Sells out of BRK
« 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.

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.

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%



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Re: Fairholme Sells out of BRK
« Reply #1 on: February 08, 2009, 07:02:11 PM »
Notice Bruce has no financial stocks?
Here is one explanation why he sold BRK: