13F-HR 1 submisson2010q3.txt Q3 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: September 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 11-15-10 --------------------- ------------- ---------- [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: 21 Form 13F Information Table Value Total: $11,230,723 ----------- (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 1286761 32909500.00 SH Sole 30949500.00 1960000.0 AMERICREDIT CORP COM 03060R101 606743 24804495.00 SH Sole 23632897.00 1171598.0 BANK OF AMERICA CORPORATION CO 060505104 926589 70678015.00 SH Sole 65116815.00 5561200.0 BERKSHIRE HATHAWAY INC DEL CL 084670108 500739 4022.00 SH Sole 4016.00 6.0 BERKSHIRE HATHAWAY INC DEL CL 084670702 391998 4740600.00 SH Sole 4085650.00 654950.0 CIT GROUP INC. 125581801 630364 15442529.00 SH Sole 13904829.00 1537700.0 CITIGROUP INC COM 172967101 941512 241413400.00 SH Sole 219014200.00 22399200.0 GENERAL ELECTRIC CO COM 369604103 233915 14394800.00 SH Sole 13697900.00 696900.0 GOLDMAN SACHS GROUP, INC. 38141G104 868897 6009800.00 SH Sole 5603400.00 406400.0 HUMANA INC COM 444859102 174529 3473900.00 SH Sole 3192500.00 281400.0 LEUCADIA NATL CORP COM 527288104 455163 19269377.00 SH Sole 15069849.00 4199528.0 MBIA INC COM 55262c100 322836 32123000.00 SH Sole 25599700.00 6523300.0 MORGAN STANLEY COM 617446448 897002 36345300.00 SH Sole 34089200.00 2256100.0 REGIONS FINANCIAL CORP 7591EP100 521451 71726404.00 SH Sole 67635604.00 4090800.0 RSC HOLDINGS, INC. 74972L102 112014 15015300.00 SH Sole 12224800.00 2790500.0 SEARS HLDGS CORP COM 812350106 1057700 14661671.00 SH Sole 13633671.00 1028000.0 SPIRIT AEROSYSTEMS HLDGS INC C 848574109 387903 19462920.00 SH Sole 19452300.00 10620.0 ST JOE CO COM 790148100 665840 26772820.00 SH Sole 24592602.00 2180218.0 TAL INTL GROUP INC COM 874083108 35562 1467388.00 SH Sole 268065.00 1199323.0 WELLCARE HEALTH PLANS INC COM 94946T106 169003 5834967.00 SH Sole 4973511.00 861456.0 WINTHROP REALTY TRUST 976391300 44202 3574285.00 SH Sole 2713339.96 860945.0