13F-HR 1 submisson.txt 13F FILING FIRST 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: March 31, 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 05-14-10 --------------------- ------------- ---------- [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: 22 Form 13F Information Table Value Total: $10,703,318 ----------- (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 513401 15038100 SH Sole 14161000 877100 AMERICREDIT CORP COM COM 03060R101 728837 30673922 SH Sole 29326029 1347893 BANK OF AMERICA CORPORATION CO COM 060505104 701682 39309900 SH Sole 37660200 1649700 BERKSHIRE HATHAWAY INC DEL CL COM 084670108 450660 3700 SH Sole 3688 12 BERKSHIRE HATHAWAY INC DEL CL COM 084670702 305864 3763000 SH Sole 3095600 667400 CIT GROUP INC. COM 125581801 476860 12239729 SH Sole 10797929 1441800 CITIGROUP INC COM COM 172967101 921215 227460600 SH Sole 207265000 20195600 COMCAST CORP CL A COM 20030N101 169646 9014118 SH Sole 8428000 586118 COMCAST CORP SPECIAL CL A COM 20030N200 381110 21208100 SH Sole 20471600 736500 DAILY JOURNAL CORP COM COM 233912104 811 12150 SH Sole 12150 HERTZ GLOBAL HOLDINGS INC COM COM 42805T105 561231 56179189 SH Sole 51558626 4620563 HUMANA INC COM COM 444859102 738915 15798900 SH Sole 14032900 1766000 LEUCADIA NATL CORP COM COM 527288104 503719 20302189 SH Sole 15170812 5131377 REGIONS FINANCIAL CORP COM 7591EP100 595152 75815514 SH Sole 71474204 4341310 RSC HOLDINGS, INC. COM 74972L102 114152 14340700 SH Sole 11962200 2378500 SEARS HLDGS CORP COM COM 812350106 1595458 14714071 SH Sole 13858571 855500 SPIRIT AEROSYSTEMS HLDGS INC C COM 848574109 539472 23073740 SH Sole 21483198 1590542 ST JOE CO COM COM 790148100 866953 26799155 SH Sole 24595919 2203236 TAL INTL GROUP INC COM COM 874083108 39782 2095876 SH Sole 2095876 WELLCARE HEALTH PLANS INC COM COM 94946T106 232629 7805576 SH Sole 5421869 2383707 WINTHROP REALTY TRUST COM 976391300 58175 4831055 SH Sole 3915993 915062 AIG PFD 8.5% PFD 026874115 207594 20312500 SH Sole 19538500 774000