Fairholme Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
AMERICAN INTL GROUP INC	COM NEW	026874784	4,071,349	79,752,186	SH		SOLE	1	77,204,507	0	2,547,679
AMERICAN INTL GROUP INC	*W EXP 01/19/202	026874156	491,063	24,250,009	SH		SOLE	1	23,499,931	0	750,078
BANK OF AMERICA CORPORATION	COM	060505104	1,552,985	99,742,115	SH		SOLE	1	89,755,915	0	9,986,200
BANK OF AMERICA CORPORATION	*W EXP 01/16/201	060505146	64,082	9,904,428	SH		SOLE	1	8,490,728	0	1,413,700
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	1,067	6	SH		SOLE		0	0	6
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	84,204	710,225	SH		SOLE		160,600	0	549,625
CHESAPEAKE ENERGY CORP	COM	165167107	25,186	928,000	SH		SOLE	1	666,700	0	261,300
CITIGROUP INC	COM NEW	172967424	2,843	54,560	SH		SOLE		0	0	54,560
FEDERAL HOME LOAN MORTGAGE CORP	COM	313400301	56,220	19,386,300	SH		SOLE	1	19,386,300	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400780	22,974	1,699,250	SH		SOLE	1	1,699,250	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400608	18,601	1,377,829	SH		SOLE	1	1,377,829	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400798	7,313	546,542	SH		SOLE	1	546,542	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400715	804	60,900	SH		SOLE		60,900	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400863	2,822	203,000	SH		SOLE	1	203,000	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400855	17,950	1,339,572	SH		SOLE	1	1,339,572	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400673	40,768	5,799,175	SH		SOLE	1	5,799,175	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400665	3,136	447,940	SH		SOLE	1	447,940	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400772	2,120	157,500	SH		SOLE		157,500	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400681	3,563	517,900	SH		SOLE	1	517,900	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400749	594	45,000	SH		SOLE		45,000	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400657	333	45,500	SH		SOLE		45,500	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400640	29,792	4,196,108	SH		SOLE	1	4,196,108	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400624	357,920	39,901,900	SH		SOLE	1	39,901,900	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400699	127	9,200	SH		SOLE		9,200	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400830	132	9,400	SH		SOLE		9,400	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400731	107	8,400	SH		SOLE		8,400	0	0
FEDERAL NATIONAL MORTGAGE ASSOCIATION	COM	313586109	78,233	25,990,900	SH		SOLE	1	25,990,900	0	0
FEDERAL NATIONAL MORTGAGE ASSOCIATION	PFD	313586802	3,738	269,500	SH		SOLE	1	269,500	0	0
FEDERAL NATIONAL MORTGAGE ASSOCIATION	PFD	313586786	24,970	3,672,127	SH		SOLE	1	3,672,127	0	0
FEDERAL NATIONAL MORTGAGE ASSOCIATION	PFD	313586778	11,060	1,580,000	SH		SOLE	1	1,580,000	0	0
FEDERAL NATIONAL MORTGAGE ASSOCIATION	PFD	313586794	90,026	6,339,843	SH		SOLE	1	6,339,843	0	0
FEDERAL NATIONAL MORTGAGE ASSOCIATION	PFD	313586760	11,790	1,500,000	SH		SOLE	1	1,500,000	0	0
FEDERAL NATIONAL MORTGAGE ASSOCIATION	PFD	313586752	516,680	59,049,119	SH		SOLE	1	56,584,419	0	2,464,700
FEDERAL NATIONAL MORTGAGE ASSOCIATION	PFD	313586877	62	4,400	SH		SOLE		4,400	0	0
GENWORTH FINL INC	COM CL A	37247d106	16,640	1,071,500	SH		SOLE	1	1,063,700	0	7,800
HARTFORD FINL SVCS GROUP INC	COM	416515104	1,884	52,000	SH		SOLE		4,300	0	47,700
HARTFORD FINL SVCS GROUP INC	*W EXP 06/26/201	416515120	15,249	553,900	SH		SOLE	1	553,900	0	0
JPMORGAN CHASE & CO	*W EXP 10/28/201	46634E114	14,606	753,300	SH		SOLE	1	718,000	0	35,300
LEUCADIA NATL CORP	COM	527288104	508,928	17,957,927	SH		SOLE	1	15,104,553	0	2,853,374
LINCOLN NATL CORP IND	COM	534187109	2,292	44,400	SH		SOLE		3,700	0	40,700
LINCOLN NATL CORP IND	*W EXP 07/10/201	534187117	8,698	205,810	SH		SOLE	1	205,810	0	0
SEARS HLDGS CORP	COM	812350106	1,046,105	21,331,673	SH		SOLE	1	18,499,573	0	2,832,100
ST JOE CO	COM	790148100	477,131	24,863,504	SH		SOLE	1	23,841,602	0	1,021,902
WELLS FARGO & CO NEW	COM	949746101	6,792	149,600	SH		SOLE		120,000	0	29,600
WELLS FARGO & CO NEW	*W EXP 10/28/201	949746119	21,318	1,346,665	SH		SOLE	1	1,318,265	0	28,400