FAIRHOLME CAPITAL MANAGEMENT LLC — Quarter-over-Quarter 13F Allocation Shifts Q1 2026
In Q1 2026, FAIRHOLME CAPITAL MANAGEMENT LLC initiated 2 new positions, increased allocation to 5 existing positions, trimmed 2 positions, and exited 7 positions entirely. The fund's 13F equity book grew from $1.43B to $1.51B (+5.6% QoQ) . All deltas are sourced from sequential SEC Form 13F-HR filings; share-count changes reflect explicit trading activity, while weight changes can also include price movement. This page lists every position change reported — the portfolio overview shows a summary of the top shifts.
Net Portfolio Value Change
- $1.43BPrior quarter
- $1.51BCurrent quarter
- + $0.08BNet delta
- +5.6%% change
New Position Initiations Q1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Allocation Weight | History |
|---|---|---|---|
| KRAFT HEINZ CO | KHC | 0.16% | History → |
| HOME BANCSHARES INC | HOMB | 0.02% | History → |
Largest Allocation Increases Q1 2026
Largest portfolio-weight increases in existing positions. Share-count delta is shown separately so price-only re-weighting can be distinguished from active adds.
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| PROGRESSIVE CORP | PGR | +0.46% | +159.38% | History → |
| BERKSHIRE HATHAWAY INC DEL | BRK/A | +0.04% | +100.00% | Holders → |
| BERKSHIRE HATHAWAY INC DEL | BRK/B | +-0.09% | +5.08% | Holders → |
| BANK OZK LITTLE ROCK ARK | OZK | +-0.14% | +0.83% | History → |
| ENTERPRISE PRODS PARTNERS L | EPD | +1.45% | +0.10% | History → |
Largest Allocation Reductions Q1 2026
Largest portfolio-weight decreases in existing positions (positions kept open at a lower allocation).
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| BERKLEY W R CORP | WRB | -0.15% | -1.46% | History → |
| ST JOE CO | JOE | -0.76% | -1.09% | History → |
Exited Positions Q1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| CF INDUSTRIES HOLDINGS INC | CF | 0.30% |
| OCCIDENTAL PETROLEUM CORP | OXY | 0.20% |
| ENERGY TRANSFER L P | ET | 0.19% |
| TARGET CORP | TGT | 0.16% |
| NATURAL RESOURCE PARTNERS LP | NRP | 0.09% |
| DIAMONDBACK ENERGY, INC. | FANG | 0.04% |
| EOG RESOURCES, INC. | EOG | 0.01% |
Methodology & FAQ
How FAIRHOLME CAPITAL MANAGEMENT LLC Quarterly Changes Are Computed
Each row above is computed by joining the most recent 13F-HR filing for FAIRHOLME CAPITAL MANAGEMENT LLC against the immediately preceding quarterly filing for the same fund. Portfolio weights are normalized to exclude listed options for comparability. A complete description of the methodology — including how confidential treatment filings are handled and why share count rather than weight is the cleaner trading signal — is documented in the Methodology.
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, 0.16%), HOME BANCSHARES INC (HOMB, 0.02%).
Which existing positions saw the largest allocation increases for FAIRHOLME CAPITAL MANAGEMENT LLC in Q1 2026?
The largest portfolio-weight increases in existing positions were: PROGRESSIVE CORP (PGR, +0.46% weight, +159.38% shares), BERKSHIRE HATHAWAY INC DEL (BRK/A, +0.04% weight, +100.00% shares), BERKSHIRE HATHAWAY INC DEL (BRK/B, +-0.09% weight, +5.08% shares), BANK OZK LITTLE ROCK ARK (OZK, +-0.14% weight, +0.83% shares), ENTERPRISE PRODS PARTNERS L (EPD, +1.45% weight, +0.10% 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 HOLDINGS INC (CF, last-reported weight 0.30%), OCCIDENTAL PETROLEUM CORP (OXY, last-reported weight 0.20%), ENERGY TRANSFER L P (ET, last-reported weight 0.19%), TARGET CORP (TGT, last-reported weight 0.16%), NATURAL RESOURCE PARTNERS LP (NRP, last-reported weight 0.09%), DIAMONDBACK ENERGY, INC. (FANG, last-reported weight 0.04%), EOG RESOURCES, INC. (EOG, last-reported weight 0.01%).
Which existing positions saw the largest allocation reductions for FAIRHOLME CAPITAL MANAGEMENT LLC in Q1 2026?
The largest portfolio-weight reductions in positions kept open were: BERKLEY W R CORP (WRB, -0.15% weight, -1.46% shares), ST JOE CO (JOE, -0.76% weight, -1.09% 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.