Berkowitz's Fairholme Adds More BofA (BAC), Liquidates Morgan Stanley (MS) and Goldman Sachs (GS)
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Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.3%
Revenue Growth %: +5.4%
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Bruce Berkowitz's Fairholme Capital released its 13F for the quarter ended June 30, 2011 on Monday.
Notably, the firm raised its stake in Bank of America (NYSE: BAC), while lowering Citigroup (NYSE: C). Added Berkshire Hathaway Class A (NYSE: BRK-A) while trimming Berkshire Hathaway Class B (NYSE: BRK-B). Liquidated Morgan Stanley (NYSE: MS) and nearly liquidated Goldman Sachs (NYSE: GS).
New Stakes
AT&T (NYSE: T) new 160,000 share position
Banco Santander S.A. ADS (NYSE: STD) new 510,000 share position
Royal Dutch Shell PLC (: RYDBF) new 70,000 share position
Telefonica S.A. ADS (NYSE: TEF) new 220,000 share position
Verizon Communications, Inc. (NYSE: VZ) new 130,000 share position
Wells Fargo & Co. (NYSE: WFC) new 31,400 share position
Raised Stakes
Bank of America Corp. (NYSE: BAC) raised from 99,647,755 shares to 105,012,095 shares
Berkshire Hathaway (NYSE: BRK-A) raised from 4,022 shares to 4,050 shares
MBIA, Inc. (NYSE: MBI) raised from 46,832,270 shares to 48,463,044 shares *
Lowered Stakes
American International Group, Inc. (NYSE: AIG) lowered from 103,164,517 shares to 101,481,743 shares
Assured Guaranty Ltd. (NYSE: AGO) lowered from 1,451,600 shares to 51,700 shares
Berkshire Hathaway B (NYSE: BRK-B) lowered from 9,428,019 shares to 7,394,491 shares
Brookfield Asset Management Class A (NYSE: BAM) lowered from 27,269,500 shares to 22,246,400 shares
CIT Group, Inc. (NYSE: CIT) lowered from 19,412,729 shares to 19,368,769 shares
Citigroup, Inc. (NYSE: C) lowered from 26,387,898 shares to 24,924,003 shares
Goldman Sachs Group, Inc. (NYSE: GS) lowered from 6,002,349 shares to 23,000 shares
Jefferies Group, Inc. (NYSE: JEF) lowered from 4,123,711 shares to 3,449,611 shares
Leucadia National Corp. (NYSE: LUK) lowered from 18,715,506 shares to 18,497,150 shares
Regions Financial Corp. (NYSE: RF) lowered from 123,888,637 shares to 60,568,917 shares *
Sears Holding Corporation (NASDAQ: SHLD) lowered from 16,380,680 shares to 16,270,692 shares
St. Joe Co. (NYSE: JOE) lowered from 26,633,663 shares to 26,471,591 shares
Winthrop Realty Trust (NYSE: FUR) lowered from 1,339,448 shares to 946,648 shares
Liquidated Stakes
Eli Lilly & Co. (NYSE: LLY) liquidated
Morgan Stanley (NYSE: MS) liquidated
RSC Holdings (NYSE: RRR) liquidated
Maintained Stakes
Vodafone Group PLC (NASDAQ: VOD) maintained 280,000 share stake
* Since the original filing these positions have been updated further.
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Notably, the firm raised its stake in Bank of America (NYSE: BAC), while lowering Citigroup (NYSE: C). Added Berkshire Hathaway Class A (NYSE: BRK-A) while trimming Berkshire Hathaway Class B (NYSE: BRK-B). Liquidated Morgan Stanley (NYSE: MS) and nearly liquidated Goldman Sachs (NYSE: GS).
New Stakes
AT&T (NYSE: T) new 160,000 share position
Banco Santander S.A. ADS (NYSE: STD) new 510,000 share position
Royal Dutch Shell PLC (: RYDBF) new 70,000 share position
Telefonica S.A. ADS (NYSE: TEF) new 220,000 share position
Verizon Communications, Inc. (NYSE: VZ) new 130,000 share position
Wells Fargo & Co. (NYSE: WFC) new 31,400 share position
Raised Stakes
Bank of America Corp. (NYSE: BAC) raised from 99,647,755 shares to 105,012,095 shares
Berkshire Hathaway (NYSE: BRK-A) raised from 4,022 shares to 4,050 shares
MBIA, Inc. (NYSE: MBI) raised from 46,832,270 shares to 48,463,044 shares *
Lowered Stakes
American International Group, Inc. (NYSE: AIG) lowered from 103,164,517 shares to 101,481,743 shares
Assured Guaranty Ltd. (NYSE: AGO) lowered from 1,451,600 shares to 51,700 shares
Berkshire Hathaway B (NYSE: BRK-B) lowered from 9,428,019 shares to 7,394,491 shares
Brookfield Asset Management Class A (NYSE: BAM) lowered from 27,269,500 shares to 22,246,400 shares
CIT Group, Inc. (NYSE: CIT) lowered from 19,412,729 shares to 19,368,769 shares
Citigroup, Inc. (NYSE: C) lowered from 26,387,898 shares to 24,924,003 shares
Goldman Sachs Group, Inc. (NYSE: GS) lowered from 6,002,349 shares to 23,000 shares
Jefferies Group, Inc. (NYSE: JEF) lowered from 4,123,711 shares to 3,449,611 shares
Leucadia National Corp. (NYSE: LUK) lowered from 18,715,506 shares to 18,497,150 shares
Regions Financial Corp. (NYSE: RF) lowered from 123,888,637 shares to 60,568,917 shares *
Sears Holding Corporation (NASDAQ: SHLD) lowered from 16,380,680 shares to 16,270,692 shares
St. Joe Co. (NYSE: JOE) lowered from 26,633,663 shares to 26,471,591 shares
Winthrop Realty Trust (NYSE: FUR) lowered from 1,339,448 shares to 946,648 shares
Liquidated Stakes
Eli Lilly & Co. (NYSE: LLY) liquidated
Morgan Stanley (NYSE: MS) liquidated
RSC Holdings (NYSE: RRR) liquidated
Maintained Stakes
Vodafone Group PLC (NASDAQ: VOD) maintained 280,000 share stake
* Since the original filing these positions have been updated further.
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Warren Buffett, Citi, Morgan Stanley, Jefferies & Co, Bank of America, Fairholme Capital Management, Bruce Berkowitz, Wells Fargo
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