13F-HR 1 submission.txt 13F2Q2012 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, 2012 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: Paul R. Thomson Title: Chief Compliance Officer Phone: 305-358-3000 Signature, Place, and Date of Signing: /s/Paul R. Thomson Miami, FL 08-14-12 --------------------- ------------- ---------- [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: 19 Form 13F Information Table Value Total: $6,872,351 ----------- (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 COM 026874784 2823532 87987894.00 SH Sole 85199607.00 2788287.00 ASSURED GUARANTY LTD. COM G0585R106 729 51700.00 SH Sole 51700.00 BANK OF AMERICA CORP. COM 060505104 831909 101700355.00 SH Sole 89652815.00 12047540.00 BERKSHIRE HATHAWAY INC DEL CLA COM 084670108 750 6.00 SH Sole 6.00 BERKSHIRE HATHAWAY INC DEL CLB COM 084670702 66970 803675.00 SH Sole 91900.00 711775.00 CIT GROUP INC. COM 125581801 500943 14055629.00 SH Sole 12966029.00 1089600.00 CITIGROUP INC COM COM 172967424 9064 330670.00 SH Sole 113870.00 216800.00 JEFFERIES GROUP INC. COM 472319102 35754 2752400.00 SH Sole 1220500.00 1531900.00 LEUCADIA NATL CORP COM COM 527288104 386566 18174228.00 SH Sole 15282297.00 2891931.00 MBIA INC COM COM 55262c100 490794 45401870.00 SH Sole 35918500.00 9483370.00 ORCHARD SUPPLY HARDWARE STORES COM 685691404 11035 663565.00 SH Sole 631147.00 32418.00 SEARS HLDGS CORP COM COM 812350106 1004744 16829880.00 SH Sole 15461373.00 1368507.00 ST JOE CO COM COM 790148100 403778 25539428.00 SH Sole 24011602.00 1527826.00 WELLS FARGO & CO NEW COM COM 949746101 1050 31400.00 SH Sole 31400.00 AIG WARRANTS, 45.00 STRIKE, 1 WTS 026874156 252673 24507562.00 SH Sole 23583743.00 923819.00 BAC WARRANTS, 13.30 STRIKE, 1 WTS 060505146 34537 9783828.00 SH Sole 8490728.00 1293100.00 HARTFORD WARRANTS, 9.649 STRIK WTS 416515120 1166 114900.00 SH Sole 114900.00 JP MORGAN WARRANTS, 42.42 STRI WTS 46634E114 4736 484700.00 SH Sole 484700.00 WELLS FARGO WARRANTS, 34.01 ST WTS 949746119 11621 1319095.00 SH Sole 1302895.00 16200.00