13F-HR 1 submisson.txt 13F FILING SECOND QUARTER 2010 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2010 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Fairholme Capital Management, L.L.C. Address: 4400 Biscayne Blvd, 9th Floor Miami, FL 33137 Form 13F File Number: 28-6994 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Bruce R. Berkowitz Title: Managing Member Phone: 305-358-3000 Signature, Place, and Date of Signing: /s/Bruce R. Berkowitz Miami, FL 08-13-10 --------------------- ------------- ---------- [Signature] [City, State] [Date] Report Type (Check only one.): [x] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] Form 13F File Number Name 28-______________ _______________________________ [Repeat as necessary. Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: Form 13F Information Table Entry Total: 26 Form 13F Information Table Value Total: $10,715,610 ----------- (thousands) List of Other Included Managers: NONE Profice a numbered list of the names(s) and Form 13F file numbers(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- AMERICAN INTL GROUP COM 026874784 1129253 32789000 SH Sole 30829500 1959500 AMERICREDIT CORP COM 03060R101 452079 24811195 SH Sole 23632897 1178298 BANK OF AMERICA CORPORATION CO 060505104 777309 54092500 SH Sole 51208100 2884400 BERKSHIRE HATHAWAY INC DEL CL 084670108 475920 3966 SH Sole 3959 7 BERKSHIRE HATHAWAY INC DEL CL 084670702 399761 5015900 SH Sole 4301050 714850 BP PLC SPONSORED ADR 055622104 272509 9435900 SH Sole 9177400 258500 CIT GROUP INC. 125581801 414430 12239529 SH Sole 10797929 1441600 CITIGROUP INC COM 172967101 892335 237323200 SH Sole 215534000 21789200 COMCAST CORP CL A 20030N101 2415 139018 SH Sole 0 139018 COMCAST CORP SPECIAL CL A 20030N200 267712 16294100 SH Sole 15968100 326000 DAILY JOURNAL CORP COM 233912104 753 11050 SH Sole 0 11050 GOLDMAN SACHS GROUP, INC. 38141G104 786386 5990601 SH Sole 5600000 390601 HERTZ GLOBAL HOLDINGS INC COM 42805T105 273645 28926400 SH Sole 28926400 0 HUMANA INC COM 444859102 598546 13105900 SH Sole 12172200 933700 LEUCADIA NATL CORP COM 527288104 384591 19711641 SH Sole 15132549 4579092 MBIA INC COM 55262c100 127550 22736200 SH Sole 21435100 1301100 MORGAN STANLEY COM 617446448 377344 16257800 SH Sole 15130800 1127000 REGIONS FINANCIAL CORP 7591EP100 473182 71912214 SH Sole 67635604 4276610 RSC HOLDINGS, INC. 74972L102 91554 14838500 SH Sole 12224800 2613700 SEARS HLDGS CORP COM 812350106 907510 14037171 SH Sole 13367071 670100 SPIRIT AEROSYSTEMS HLDGS INC C 848574109 432676 22700398 SH Sole 21359164 1341234 ST JOE CO COM 790148100 620669 26799155 SH Sole 24582502 2216653 TAL INTL GROUP INC COM 874083108 39889 1868653 SH Sole 1868653 0 WELLCARE HEALTH PLANS INC COM 94946T106 176717 7443078 SH Sole 5311011 2132067 WINTHROP REALTY TRUST 976391300 53876 4203847 SH Sole 3078340 1125507 AIG PFD 8.5% 026874115 286999 29895726 SH Sole 28128826 1766900