13F-HR 1 submission.txt 13F SUBMISSION PERIOD ENDING DECEMBER 31, 2007 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, 2007 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 02-13-08 --------------------- ------------- ---------- [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: 33 Form 13F Information Table Value Total: $6,695,521 ----------- (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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- BERKSHIRE HATHAWAY INC DEL A COM 084670108 1474622 10414.0000SH SOLE 8781.0000 1633.0000 BERKSHIRE HATHAWAY INC DEL B COM 084670207 166390 35133.0000SH SOLE 5247.0000 29886.0000 CALUMET SPEC PROD PTNR UT LTD COM 131476103 1603 43300.0000SH SOLE 43300.0000 CANADIAN NAT RES LTD COM 136385101 1509741 20641790.9060SH SOLE 17369300.0000 3272490.90 CITIGROUP COM 172967101 240 8166.0000SH SOLE 2166.0000 6000.0000 COCA COLA CO COM 191216100 925 15080.3010SH SOLE 75.0000 15005.3010 DAILY JOURNAL CORP COM COM 233912104 2678 66102.0000SH SOLE 47252.0000 18850.0000 DISH NETWORK CORP CL A COM 25470M109 825994 21898042.0000SH SOLE 18526524.0000 3371518.00 DUKE ENERGY CORP COM COM 26441C105 875 43400.0000SH SOLE 43400.0000 EASTMAN CHEM CO COM COM 277432100 6989 114402.6840SH SOLE 79200.0000 35202.6840 GYRODYNE CO AMER INC COM COM 403820103 507 11026.0000SH SOLE 770.0000 10256.0000 HOMEFED CORP COM 43739D307 18517 307335.0000SH SOLE 231964.0000 75371.0000 HSBC HLDGS PLC SPON ADR NEW COM 404280406 1542 18419.0000SH SOLE 133.0000 18286.0000 IDT CORP COM 448947101 17706 2241300.0000SH SOLE 2157500.0000 83800.0000 IDT CORP CL B COM 448947309 56923 6736500.0000SH SOLE 6469500.0000 267000.000 LEUCADIA NATL CORP COM COM 527288104 416034 8832992.0000SH SOLE 6541280.0000 2291712.00 MARKEL CORP COM 570535104 368 750.0000 SH SOLE 750.0000 MERCURY GENL CORP NEW COM 589400100 3594 72150.0000SH SOLE 150.0000 72000.0000 MOHAWK INDS INC COM COM 608190104 410690 5520021.0000SH SOLE 4746853.0000 773168.000 MUELLER WTR PRODS INC COM SER COM 624758108 128 13400.0000SH SOLE 13400.0000 MUELLER WTR PRODS INC COM SER COM 624758207 123212 12358300.0000SH SOLE 11042700.0000 1315600.00 PENN WEST ENERGY TR UNIT COM 707885109 169137 6505250.8693SH SOLE 6178808.7830 326442.086 PROGRESSIVE CORP OHIO COM 743315103 79709 4160200.0000SH SOLE 3887500.0000 272700.000 SAFETY INS GROUP INC COM COM 78648T100 1044 28500.0000SH SOLE 8700.0000 19800.0000 SEARS HLDGS CORPCOM COM 812350106 630304 6176419.0000SH SOLE 5319471.0000 856948.000 SPECTRA ENERGY CORP COM COM 847560109 560 21700.0000SH SOLE 21700.0000 ST JOE CO COM COM 790148100 127985 3604200.0000SH SOLE 3604200.0000 TAL INTERNATIONAL GROUP INC COM 874083108 62868 2760997.0000SH SOLE 2760997.0000 USG CORP NEW COM COM 903293405 236681 6613036.0000SH SOLE 5897600.0000 715436.000 WELLCARE HEALTH PLANS COM COM 94946t106 324445 7650200.0000SH SOLE 6623300.0000 1026900.00 WESCO FINL CORP COM COM 950817106 603 1481.0000SH SOLE 1.0000 1480.0000 WHITE MTNS INS GROUP LTD COM G9618E107 10961 21322.0000SH SOLE 21322.0000 WINTHROP REALTY TRUST INC COM 976391102 11946 2258252.2920SH SOLE 2258252.2920