Berkowitz's Fairholme Shows New Stake in Jefferies (JEF), Ups Stake In AIG (AIG), BofA (BAC), Citi (C); Liquidates Cisco (CSCO)

Bruce Berkowitz's Fairholme Capital released its 13F for the quarter ended June 30, 2011.

Notably, Berkowitz showed a new stake in Jefferies Group, Inc. (NYSE: JEF), raised his stake in AIG (NYSE: AIG), Bank of America (NYSE: BAC), Berkshire Hathaway B (NYSE: BRK-B), Citigroup, Inc. (NYSE: C). The firm lowered stakes in Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS) and liquidated Cisco (Nasdaq: CSCO) and Banco Santander S.A. ADS (NYSE: STD).

New Stakes
Assured Guaranty Ltd. (NYSE: AGO) new 1,451,600 share position
Jefferies Group, Inc. (NYSE: JEF) new 4,123,711 share position
Vodafone Group PLC (NASDAQ: VOD) new 280,000 share position

Raised Stakes
American International Group, Inc. (NYSE: AIG) raised from 44,198,015 shares to 103,164,517 shares
Bank of America Corp. (NYSE: BAC) raised from 92,648,715 shares to 99,647,755 shares
Berkshire Hathaway B (NYSE: BRK-B) raised from 7,868,272 shares to 9,432,041 shares
Citigroup, Inc. (NYSE: C) raised from 25,844,260 shares to 26,387,898 shares
MBIA, Inc. (NYSE: MBI) raised from 41,253,900 shares to 46,832,270 shares
Sears Holding Corporation (NASDAQ: SHLD) raised from 16,313,973 shares to 16,380,680 shares

Lowered Stakes
Brookfield Asset Management Class A (NYSE: BAM) lowered from 27,500,000 shares to 27,269,500 shares
CIT Group, Inc. (NYSE: CIT) lowered from 19,862,429 shares to 19,412,729 shares
Goldman Sachs Group, Inc. (NYSE: GS) lowered from 6,702,300 shares to 6,002,349 shares
Leucadia National Corp. (NYSE: LUK) lowered from 18,830,881 shares to 18,715,506 shares
Morgan Stanley (NYSE: MS) lowered from 38,891,300 shares to 11,964,700 shares
Regions Financial Corp. (NYSE: RF) lowered from 124,035,304 shares to 123,888,637 shares
RSC Holdings (NYSE: RRR) lowered from 11,849,700 shares to 90,000 shares
St. Joe Co. (NYSE: JOE) lowered from 26,727,836 shares to 26,633,663 shares
Winthrop Realty Trust (NYSE: FUR) lowered from 1,639,948 shares to 1,339,448 shares

Liquidated Stakes
AstraZeneca PLC ADS (NYSE: AZN) liquidated
AT&T (NYSE: T) liquidated
Banco Santander S.A. ADS (NYSE: STD) liquidated
Bristol-Myers Squibb Co. (NYSE: BMY) liquidated
Cisco Systems, Inc. (NASDAQ: CSCO) liquidated
GlaxoSmithKline PLC ADS (NYSE: GSK) liquidated
Royal Dutch Shell ADS Cl A (NYSE: RDS-A) liquidated
Spirit AeroSystems Holdings Inc. Cl A (NYSE: SPR) liquidated
Telefonica S.A. ADS (NYSE: TEF) liquidated
Verizon Communications, Inc. (NYSE: VZ) liquidated

Maintained Stakes
Eli Lilly & Co. (NYSE: LLY) maintained 209,000 share stake

For a quarter-over-quarter view of Berkowitz's Fairholme Capital portfolio moves go here.

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