13F-HR 1 submission.txt 13F FILING 12-31-09 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, 2009 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 02-16-10 --------------------- ------------- ---------- [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: 30 Form 13F Information Table Value Total: $9,972,691 ----------- (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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- AMERICREDIT CORP COM COM 03060R101 673047 35349099.00 SH Sole 32150322.00 3198777.00 BERKSHIRE HATHAWAY INC DEL CL COM 084670108 389360 3925.00 SH Sole 3913.00 12.00 BERKSHIRE HATHAWAY INC DEL CL COM 084670702 793592 241507.00 SH Sole 216327.00 25180.00 BRISTOL MYERS SQUIBB CO COM COM 110122108 356 14100.00 SH Sole 14100.00 BURLINGTON NORTHERN SANTA FE C COM 12189T104 539057 5466000.00 SH Sole 5457200.00 8800.00 CIT GROUP INC. COM 125581801 395412 14321338.00 SH Sole 12915038.29 1406300.00 CITIGROUP INC COM COM 172967101 710651 214698274.00 SH Sole 195718100.00 18980174.0 COCA COLA CO COM COM 191216100 735 12900.00 SH Sole 12900.00 COMCAST CORP CL A COM 20030N101 152273 9031600.00 SH Sole 8428000.00 603600.00 COMCAST CORP SPECIAL CL A COM 20030N200 232480 14520900.00 SH Sole 14513900.00 7000.00 DAILY JOURNAL CORP COM COM 233912104 1026 16550.00 SH Sole 16550.00 FOREST LABS INC COM COM 345838106 440951 13732500.00 SH Sole 13644600.00 87900.00 HERTZ GLOBAL HOLDINGS INC COM COM 42805T105 704936 59138966.00 SH Sole 53068414.00 6070552.00 HUMANA INC COM COM 444859102 696956 15879600.00 SH Sole 14052900.00 1826700.00 LEUCADIA NATL CORP COM COM 527288104 481691 20247644.00 SH Sole 15170149.00 5077495.00 MARSHALL & ILSLEY CORP COM 571837103 22844 4191600.00 SH Sole 4145200.00 46400.00 PENN WEST ENERGY TR TR UNIT COM 707885109 266 15129.15 SH Sole 15129.15 PFIZER INC COM COM 717081103 1703 93600.00 SH Sole 93600.00 REGIONS FINANCIAL CORP COM 7591EP100 229392 43363404.00 SH Sole 42073504.00 1289900.00 RSC HOLDINGS, INC. COM 74972L102 76128 10813600.00 SH Sole 9486800.00 1326800.00 SEARS HLDGS CORP COM COM 812350106 1247714 14951639.00 SH Sole 13948771.00 1002868.00 SEARS HOLDING CLL OPT CALL 812350906 5558 66600.00 SH Sole 66600.00 SPIRIT AEROSYSTEMS HLDGS INC C COM 848574109 544862 27435154.00 SH Sole 24996014.00 2439140.00 ST JOE CO COM COM 790148100 775219 26833468.00 SH Sole 24595902.00 2237566.00 TAL INTL GROUP INC COM COM 874083108 30199 2402742.00 SH Sole 2402742.00 UNITED RENTALS INC COM COM 911363109 44801 4566862.00 SH Sole 4566862.00 WELLCARE HEALTH PLANS INC COM COM 94946T106 289772 7882809.00 SH Sole 5411111.00 2471698.00 WELLPOINT INC COM COM 94973V107 442584 7592794.00 SH Sole 7450755.00 142039.00 WHITE MTNS INS GROUP LTD COM G9618E107 2453 7374.00 SH sole 7374.00 WINTHROP RLTY TR SH BEN INT COM 976391300 46673 4297670 SH Sole 3200804.00 1096866.00