Bruce Berkowitz
Chairman at THE ST. JOE COMPANY
Net worth: 35 M $ as of 2024-03-30
Profile
Bruce Berkowitz is president and director of Fairholme Capital Management fund, which manages a portfolio of $9 billion. After he has obtained a Bachelor in economics, Bruce Berkowitz had continued his studies and he graduated from the University of Massachusetts. Then he arrived in Lehman Brothers as management consultant.
From December 1993 to October 1997, he is general manager of the investment firm Smith Barney, Inc. Then in 1999, he funded the Fairholme fund, as London street’s name, where he lived from 1981 to 1989.
Bruce Berkowitz focuses his investments in a limited number of companies. He believes that more the portfolio is diversified, more returns will be less. This investment strategy remembered that of his mentor, Benjamin Graham. This 20th century’s economist is recognized as one of the most talented investor in the world.
Bruce Berkowitz manages a portfolio, where he has chosen only companies generating significant cash flow, managing strong assets and led by excellent managers. Between its launch in 1999 and late 2007, Fairholme has generated an average annual return of 17,4%.
Bruce Berkowitz has opted for investment in health, wellness and pharmaceutical products. United Health Group, Wellpoint, Forest Laboratories, and Pfizer are among his top choices.
Known holdings in public companies
| Company | Date | Number of shares | Valuation | Valuation date |
|---|---|---|---|---|
ST. JOE COMPANY
1.04% | 2024-03-03 | 606,866 ( 1.04% ) | 35 M $ | 2024-03-30 |
Latest news about Bruce Berkowitz
Bruce Berkowitz active positions
| Companies | Position | Start |
|---|---|---|
| THE ST. JOE COMPANY | Chairman | 2011-02-28 |
Fairholme Capital Management LLC
 Fairholme Capital Management LLC Investment ManagersFinance Fairholme Capital Management LLC (Fairholme) is a registered investment advisor headquartered in South Miami, Florida. The firm was founded in 1997 and is a wholly-owned subsidiary of Fairholme Holdings LLC, which is owned by Gables Investment Partnership LLLP. In addition to advising the Fairholme Funds, Fairholme Capital provides investment management services to various types of clients which includes high-net-worth individuals, pensions and profit-sharing plans, trusts, estates and charitable organizations, and corporations and other business entities via its Managed Account Program. | Founder | 1997-05-31 |
Olympus Reinsurance Co. Ltd.
 Olympus Reinsurance Co. Ltd. Multi-Line InsuranceFinance Olympus Re Insurance Co. Ltd. underwrites and manages reinsurance products. It deals with property catastrophe reinsurance and short-tail treaty businesses. The company was founded in 2001 and is headquartered in Hamilton, Bermuda. | Director/Board Member | 2000-12-31 |
| Fairholme Funds, Inc. | President | 1999-11-30 |
Fairholme Holdings LLC
 Fairholme Holdings LLC Financial ConglomeratesFinance Part of Gables Investment Partnership LLLP, Fairholme Holdings LLC is an investment holding private company. The company is based in Miami, FL. | Corporate Officer/Principal | - |
Former positions of Bruce Berkowitz
| Companies | Position | End |
|---|---|---|
| SEARS HOLDINGS CORPORATION | Director/Board Member | 2017-10-30 |
| WHITE MOUNTAINS INSURANCE GROUP, LTD. | Director/Board Member | 2010-04-26 |
| GENERAL MOTORS FINANCIAL COMPANY, INC. | Director/Board Member | 2009-11-15 |
Tal International Group, Inc.
 Tal International Group, Inc. Finance/Rental/LeasingFinance TAL International Group, Inc. engages in the leasing of intermodal freight containers and chassis. Its operations include the acquisition, leasing, re-leasing and subsequent sale of multiple types of intermodal containers and chassis. The firm leases five types of equipment: dry freight containers, which are used for general cargo such as manufactured component parts, consumer staples, electronics and apparel; refrigerated containers, which are used for perishable items such as fresh and frozen foods; special containers, which are used for heavy and oversized cargo such as marble slabs, building products and machinery; chassis, which are used for the transportation of containers domestically; and tank containers, which are used to transport bulk liquid products such as chemicals. It operates through two business segments: Equipment Leasing and Equipment Trading. The Equipment Leasing segment owns, leases and ultimately disposes of containers and chassis from its lease fleet, as well as manages leasing activities for containers owned by third parties. The Equipment Trading segment purchases containers from shipping line customers, and other sellers of containers, and resells these containers to container retailers and users of containers for storage or one-way shipment. The company was founded in 1963 and is headquartered in Purchase, NY. | Director/Board Member | 2009-02-23 |
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Training of Bruce Berkowitz
| University of Massachusetts | Undergraduate Degree |
Experiences
Positions held
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Linked companies
| Listed companies | 2 |
|---|---|
| THE ST. JOE COMPANY | Finance |
| WHITE MOUNTAINS INSURANCE GROUP, LTD. | Finance |
| Private companies | 13 |
|---|---|
AmeriCredit Corp.
 AmeriCredit Corp. Finance/Rental/LeasingFinance AmeriCredit Corp. is independent automobile finance company that provides financing solutions indirectly through auto dealers across the United States. It purchases auto finance contracts for new and used vehicles purchased by consumers from franchised and select independent automobile dealerships network. The company services its loan portfolio at regional centers using automated loan servicing and collection systems. The company's use of technology and risk management tools provides the flexibility needed for long-term portfolio performance and increased customer service efforts. The company was founded in 1992 and is headquartered in Fort Worth, Texas | Finance |
Winthrop Realty Trust, Inc.
 Winthrop Realty Trust, Inc. Real Estate Investment TrustsFinance Winthrop Realty Trust, Inc. operates as a real estate investment trust, which engages in the business of ownership, management and lending to real estate and related investments. The company was founded on August 1,1961 and is headquartered in Boston, MA. | Finance |
Lehman Brothers Holdings, Inc.
 Lehman Brothers Holdings, Inc. Financial ConglomeratesFinance Lehman Brothers Holdings, Inc. engages in the provision of securities underwriting and investment services. The company is headquartered in New York, NY. | Finance |
Lehman Brothers, Inc.
 Lehman Brothers, Inc. Investment Banks/BrokersFinance A subsidiary of Lehman Brothers Holdings, Inc., Lehman Brothers, Inc. is a broker/dealer headquartered in New York City. They provide global equity and fixed research. The equity research department covers more than 100 sectors. They use a fundamental, quantitative, strategic and tactical research approach. In addition to these Lehman has also developed special products, such as 10 uncommon values and 10 uncommon eurovalues. | Finance |
Fairholme Capital Management LLC
Fairholme Capital Management LLC Investment ManagersFinance Fairholme Capital Management LLC (Fairholme) is a registered investment advisor headquartered in South Miami, Florida. The firm was founded in 1997 and is a wholly-owned subsidiary of Fairholme Holdings LLC, which is owned by Gables Investment Partnership LLLP. In addition to advising the Fairholme Funds, Fairholme Capital provides investment management services to various types of clients which includes high-net-worth individuals, pensions and profit-sharing plans, trusts, estates and charitable organizations, and corporations and other business entities via its Managed Account Program. | Finance |
| Fairholme Funds, Inc. | Miscellaneous |
Fairholme Holdings LLC
Fairholme Holdings LLC Financial ConglomeratesFinance Part of Gables Investment Partnership LLLP, Fairholme Holdings LLC is an investment holding private company. The company is based in Miami, FL. | Finance |
Sears Holdings Corp.
 Sears Holdings Corp. Department StoresRetail Trade Sears Holdings Corp. engages in the provision of retail stores through its subsidiaries. The company was founded in 2004 and is headquartered in Hoffman Estates, IL. | Retail Trade |
Smith Barney, Inc.
 Smith Barney, Inc. Investment Banks/BrokersFinance Smith Barney, Inc. is a broker/dealer located in New York City. The firm is a subsidiary of Citigroup Global Markets Holdings, Inc. and their ultimate parent is Citigroup, Inc. The firm provides an array of trading and execution services for their clients. They do not provide any internal research | Finance |
Olympus Re Holdings Ltd.
 Olympus Re Holdings Ltd. MiscellaneousMiscellaneous Olympus Re Holdings Ltd. is a holding company which provides investing capital in its subsidiaries like Olympus Reinsurance Company. It is located in Bermuda. | Miscellaneous |
Olympus Reinsurance Co. Ltd.
Olympus Reinsurance Co. Ltd. Multi-Line InsuranceFinance Olympus Re Insurance Co. Ltd. underwrites and manages reinsurance products. It deals with property catastrophe reinsurance and short-tail treaty businesses. The company was founded in 2001 and is headquartered in Hamilton, Bermuda. | Finance |
Tal International Group, Inc.
Tal International Group, Inc. Finance/Rental/LeasingFinance TAL International Group, Inc. engages in the leasing of intermodal freight containers and chassis. Its operations include the acquisition, leasing, re-leasing and subsequent sale of multiple types of intermodal containers and chassis. The firm leases five types of equipment: dry freight containers, which are used for general cargo such as manufactured component parts, consumer staples, electronics and apparel; refrigerated containers, which are used for perishable items such as fresh and frozen foods; special containers, which are used for heavy and oversized cargo such as marble slabs, building products and machinery; chassis, which are used for the transportation of containers domestically; and tank containers, which are used to transport bulk liquid products such as chemicals. It operates through two business segments: Equipment Leasing and Equipment Trading. The Equipment Leasing segment owns, leases and ultimately disposes of containers and chassis from its lease fleet, as well as manages leasing activities for containers owned by third parties. The Equipment Trading segment purchases containers from shipping line customers, and other sellers of containers, and resells these containers to container retailers and users of containers for storage or one-way shipment. The company was founded in 1963 and is headquartered in Purchase, NY. | Finance |
| Fairholme Trust Co. LLC | Miscellaneous |
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