Fairholme Sells out of BRK

[zarley]

According to the recently released annual report for the Fairholme Fund, they have sold all of their holdings in BRK.

 

http://www.fairholmefunds.com/2008ar.pdf

 

During the last six months of the fiscal year, the Fund materially disposed of

common stock holdings in the following corporations:

• 
  Berkshire Hathaway, Inc.
  Daily Journal Corp.
  HomeFed Corp.
  IDT Corp.
  Mohawk Industries, Inc.
  Mueller Water Products Inc.
  Mylan Laboratories, Inc.
  USG Corp.
  

 

Top 10 Holdings:

• 
  Pfizer, Inc. 18.72%
  Sears Holdings Corp. 6.08%
  Forest Laboratories, Inc. 5.98%
  Canadian Natural Resources Ltd. 5.13%
  WellPoint, Inc. 4.82%
  Boeing Co. 4.64%
  Northrop Grumman Corp. 4.61%
  UnitedHealth Group, Inc. 4.54%
  The St. Joe Co. 3.81%
  Humana, Inc. 3.41%
  ————
  61.74%

 

[Mungerism]

Notice Bruce has no financial stocks?

Here is one explanation why he sold BRK:

http://zenway.com/d/node/55#comment-46