Exploring the Strategic Moves of Bruce Berkowitz (Trades, Portfolio) in Q4 2024

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Fairholme Focused Income Fund (Trades, Portfolio) recently submitted its N-PORT filing for the fourth quarter of 2024, shedding light on the strategic investment decisions made during this period. Managed by the renowned investor Bruce Berkowitz (Trades, Portfolio), the fund is known for its focus on generating current income, cash distributions, and capital preservation. Berkowitz is tracked under two other Guru names on GuruFocus: "Bruce Berkowitz (Trades, Portfolio)," which follows the SEC filings of Fairholme Capital Management, and "Fairholme Fund (Trades, Portfolio)," which monitors the stock holdings of his flagship fund. The Fairholme Focused Income Fund (Trades, Portfolio) invests in a concentrated portfolio of cash-distributing securities, including corporate and government debt, bank loans, convertible bonds, and equity securities.

Summary of New Buy

Fairholme Focused Income Fund (Trades, Portfolio) added a total of seven stocks to its portfolio in the fourth quarter of 2024. The most significant addition was CF Industries Holdings Inc (NYSE:CF), with 38,600 shares, accounting for 3.01% of the portfolio and a total value of $3,460,880. The second largest addition was Liberty Energy Inc (NYSE:LBRT), consisting of 30,000 shares, representing approximately 0.48% of the portfolio, with a total value of $552,000. The third largest addition was Diamondback Energy Inc (NASDAQ:FANG), with 1,000 shares, accounting for 0.15% of the portfolio and a total value of $177,590.

Key Position Increases

Fairholme Focused Income Fund (Trades, Portfolio) also increased its stake in one stock during this period. The most notable increase was in Bank OZK (NASDAQ:OZK), with an additional 48,100 shares, bringing the total to 469,300 shares. This adjustment represents a significant 11.42% increase in share count, a 2.09% impact on the current portfolio, and a total value of $23,450,920.

Portfolio Overview

As of the fourth quarter of 2024, Fairholme Focused Income Fund (Trades, Portfolio)'s portfolio comprised 11 stocks. The top holdings included 61.03% in Enterprise Products Partners LP (NYSE:EPD), 20.4% in Bank OZK (NASDAQ:OZK), 10.54% in WR Berkley Corp (NYSE:WRB), 3.9% in Federal Home Loan Mortgage Corp (FMCC), and 3.01% in CF Industries Holdings Inc (NYSE:CF). The holdings are primarily concentrated in three of the 11 industries: Energy, Financial Services, and Basic Materials.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.