FAIRHOLME CAPITAL MANAGEMENT LLC 13F: Quarter-over-Quarter Portfolio Changes
FAIRHOLME CAPITAL MANAGEMENT LLC reported a disclosed portfolio value of approximately $1.5 billion in its latest SEC Form 13F-HR filing for Q1 2026, up 5.6% quarter on quarter. Over the quarter, the manager initiated 2 new positions, bought more shares in 5 holdings, trimmed 2 holdings, and exited 7 positions.
FAIRHOLME CAPITAL MANAGEMENT LLC's top buy was Progressive CORP (PGR) . The manager bought 159.4% more shares, lifting the position's portfolio weight by 0.5 percentage points. Its top sell was Cf Industries Hold (CF) . The manager exited the position completely after it had accounted for 0.3% of the previous portfolio.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| KRAFT HEINZ CO | KHC | 0.2% | History → |
| HOME BANCSHARES INC | HOMB | 0.0% | History → |
Top BuysQ1 2026
The manager's top buys among existing positions in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| PROGRESSIVE CORP | PGR | +0.5% | +159.4% | History → |
| BERKSHIRE HATHAWAY INC DEL | BRK/A | +0.0% | +100.0% | — |
| BERKSHIRE HATHAWAY B | BRK/B | +-0.1% | +5.1% | — |
| BANK OZK LITTLE ROCK ARK | OZK | +-0.1% | +0.8% | History → |
| ENTERPRISE PRODS PARTNERS L | EPD | +1.4% | +0.1% | History → |
Top SellsQ1 2026
The manager's top sells among positions it retained in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| BERKLEY W R CORP | WRB | -0.2% | 1.5% | History → |
| ST JOE CO | JOE | -0.8% | 1.1% | History → |
Full ExitsQ1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| CF INDUSTRIES HOLD | CF | 0.3% |
| OCCIDENTAL PETROLEUM CORP | OXY | 0.2% |
| ENERGY TRANSFER L P | ET | 0.2% |
| TARGET CORP | TGT | 0.2% |
| NATURAL RESOURCE PARTNERS LP | NRP | 0.1% |
| DIAMONDBACK ENERGY INC | FANG | 0.0% |
| EOG RESOURCES, INC. | EOG | 0.0% |
Net Portfolio Value ChangeQ1 2026
- $1.4BPrior quarter
- $1.5BCurrent quarter
- +$0.1BNet delta
- +5.6%% change
Methodology & FAQ
How FAIRHOLME CAPITAL MANAGEMENT LLC Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for FAIRHOLME CAPITAL MANAGEMENT LLC: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did FAIRHOLME CAPITAL MANAGEMENT LLC buy in Q1 2026?
In Q1 2026, FAIRHOLME CAPITAL MANAGEMENT LLC initiated 2 new positions (KRAFT HEINZ CO (KHC), HOME BANCSHARES INC (HOMB)); bought more shares of PROGRESSIVE CORP (PGR), BERKSHIRE HATHAWAY INC DEL (BRK/A), BERKSHIRE HATHAWAY B (BRK/B), BANK OZK LITTLE ROCK ARK (OZK), ENTERPRISE PRODS PARTNERS L (EPD).
What stocks did FAIRHOLME CAPITAL MANAGEMENT LLC sell in Q1 2026?
In Q1 2026, FAIRHOLME CAPITAL MANAGEMENT LLC fully sold 7 positions (CF INDUSTRIES HOLD (CF), OCCIDENTAL PETROLEUM CORP (OXY), ENERGY TRANSFER L P (ET), TARGET CORP (TGT), NATURAL RESOURCE PARTNERS LP (NRP), DIAMONDBACK ENERGY INC (FANG), EOG RESOURCES, INC. (EOG)); reduced holdings in BERKLEY W R CORP (WRB), ST JOE CO (JOE).
Which positions did FAIRHOLME CAPITAL MANAGEMENT LLC initiate in Q1 2026?
FAIRHOLME CAPITAL MANAGEMENT LLC established 2 new positions in Q1 2026: KRAFT HEINZ CO (KHC, 0.2%), HOME BANCSHARES INC (HOMB, 0.0%).
Which existing positions saw the largest allocation increases for FAIRHOLME CAPITAL MANAGEMENT LLC in Q1 2026?
Of 5 existing positions with share-count increases in Q1 2026, the largest were: PROGRESSIVE CORP (PGR, +0.5% weight, +159.4% shares), BERKSHIRE HATHAWAY INC DEL (BRK/A, +0.0% weight, +100.0% shares), BERKSHIRE HATHAWAY B (BRK/B, +-0.1% weight, +5.1% shares), BANK OZK LITTLE ROCK ARK (OZK, +-0.1% weight, +0.8% shares), ENTERPRISE PRODS PARTNERS L (EPD, +1.4% weight, +0.1% shares).
Which positions did FAIRHOLME CAPITAL MANAGEMENT LLC fully exit in Q1 2026?
FAIRHOLME CAPITAL MANAGEMENT LLC fully exited 7 positions in Q1 2026: CF INDUSTRIES HOLD (CF, last-reported weight 0.3%), OCCIDENTAL PETROLEUM CORP (OXY, last-reported weight 0.2%), ENERGY TRANSFER L P (ET, last-reported weight 0.2%), TARGET CORP (TGT, last-reported weight 0.2%), NATURAL RESOURCE PARTNERS LP (NRP, last-reported weight 0.1%), DIAMONDBACK ENERGY INC (FANG, last-reported weight 0.0%), EOG RESOURCES, INC. (EOG, last-reported weight 0.0%).
Which existing positions saw the largest allocation reductions for FAIRHOLME CAPITAL MANAGEMENT LLC in Q1 2026?
Of 2 existing positions with share-count reductions in Q1 2026, the largest were: BERKLEY W R CORP (WRB, -0.2% weight, -1.5% shares), ST JOE CO (JOE, -0.8% weight, -1.1% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.