13F-HR 1 submission021413.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 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 02-14-13 --------------------- ------------- ---------- [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: 20 Form 13F Information Table Value Total: $6,946,711 ----------- (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 3030939 85862294.00 SH Sole 83255207.00 2607087.00 ASSURED GUARANTY LTD. COM G0585R106 736 51700.00 SH Sole 51700.00 BANK OF AMERICA CORP. COM 060505104 1165878 100506715.00 SH Sole 89742115.00 10764600.00 BERKSHIRE HATHAWAY INC DEL CL COM 084670108 804 6.00 SH Sole 6.00 BERKSHIRE HATHAWAY INC DEL CL COM 084670702 70376 784575.00 SH Sole 160600.00 623975.00 CIT GROUP INC. COM 125581801 124546 3223229.00 SH Sole 3202729.00 20500.00 CITIGROUP INC COM COM 172967424 2269 57360.00 SH Sole 57360.00 JEFFERIES GROUP INC. COM 472319102 26592 1432000.00 SH Sole 237600.00 1194400.00 LEUCADIA NATL CORP COM COM 527288104 426428 17924656.00 SH Sole 15257997.00 2666659.00 MBIA INC COM COM 55262c100 333589 42495420.00 SH Sole 34494700.00 8000720.00 ORCHARD SUPPLY HARDWARE STORES COM 685691404 4477 604143.00 SH Sole 601063.00 3080.00 SEARS HLDGS CORP COM COM 812350106 750542 18146573.00 SH Sole 16371773.00 1774800.00 ST JOE CO COM COM 790148100 579759 25119555.00 SH Sole 23841602.00 1277953.00 WELLS FARGO & CO NEW COM COM 949746101 6901 201900.00 SH Sole 170500.00 31400.00 AIG WARRANTS, 45.00 STRIKE, 1 WTS 026874156 335986 24346799.00 SH Sole 23523143.00 823656.00 BAC WARRANTS, 13.30 STRIKE, 1 WTS 060505146 53979 9904428.00 SH Sole 8490728.00 1413700.00 HARTFORD WARRANTS, 9.599 STRIK WTS 416515120 7069 524400.00 SH Sole 524400.00 JP MORGAN WARRANTS, 42.42 STRI WTS 46634E114 8934 753300.00 SH Sole 718000.00 35300.00 LINCOLN NATIONAL CORP., 10.673 WTS 534187117 3127 181610.00 SH Sole 181610.00 WELLS FARGO WARRANTS, 34.01 ST WTS 949746119 13780 1377965.00 SH Sole 1349565.00 28400.00