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

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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	3,784,838	75,681,614	SH		SOLE	1	73,233,507	0	2,448,107
AMERICAN INTL GROUP INC	*W EXP 01/19/202	026874156	500,682	24,495,221	SH		SOLE	1	23,753,831	0	741,390
AT&T INC	COM	00206R102	2,402	68,500	SH		SOLE	1	68,500	0	0
BANK OF AMERICA CORPORATION	COM	060505104	1,701,811	98,942,515	SH		SOLE	1	89,285,915	0	9,656,600
BANK OF AMERICA CORPORATION	*W EXP 01/16/201	060505146	86,469	10,519,328	SH		SOLE	1	9,105,628	0	1,413,700
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	562	3	SH		SOLE		0	0	3
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	36,107	288,925	SH		SOLE		144,000	0	144,925
CHESAPEAKE ENERGY CORP	COM	165167107	13,740	536,300	SH		SOLE		409,600	0	126,700
CITIGROUP INC	COM NEW	172967424	2,597	54,560	SH		SOLE		0	0	54,560
FEDERAL HOME LOAN MORTGAGE CORP	COM	313400301	66,317	17,180,600	SH		SOLE	1	16,886,300	0	294,300
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400780	28,717	1,699,250	SH		SOLE	1	1,699,250	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400608	23,079	1,377,829	SH		SOLE	1	1,377,829	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400798	9,237	546,542	SH		SOLE	1	546,542	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400715	1,065	60,900	SH		SOLE		60,900	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400863	3,477	203,000	SH		SOLE	1	203,000	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400855	23,550	1,339,572	SH		SOLE	1	1,339,572	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400673	52,193	5,799,175	SH		SOLE	1	5,799,175	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400665	4,143	447,940	SH		SOLE	1	447,940	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400772	2,797	157,500	SH		SOLE		157,500	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400681	4,428	517,900	SH		SOLE	1	517,900	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400749	785	45,000	SH		SOLE		45,000	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400657	423	45,500	SH		SOLE		45,500	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400640	39,024	4,196,108	SH		SOLE	1	4,196,108	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400624	438,921	39,901,900	SH		SOLE	1	39,901,900	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400699	166	9,200	SH		SOLE		9,200	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400830	169	9,400	SH		SOLE		9,400	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400731	151	8,400	SH		SOLE		8,400	0	0
FEDERAL NATIONAL MORTGAGE ASSOCIATION	PFD	313586109	74,735	19,162,900	SH		SOLE	1	19,162,900	0	0
FEDERAL NATIONAL MORTGAGE ASSOCIATION	PFD	313586802	4,600	269,500	SH		SOLE	1	269,500	0	0
FEDERAL NATIONAL MORTGAGE ASSOCIATION	PFD	313586786	30,883	3,672,127	SH		SOLE	1	3,672,127	0	0
FEDERAL NATIONAL MORTGAGE ASSOCIATION	PFD	313586778	14,078	1,580,000	SH		SOLE	1	1,580,000	0	0
FEDERAL NATIONAL MORTGAGE ASSOCIATION	PFD	313586794	118,555	6,339,843	SH		SOLE	1	6,339,843	0	0
FEDERAL NATIONAL MORTGAGE ASSOCIATION	PFD	313586760	14,025	1,500,000	SH		SOLE	1	1,500,000	0	0
FEDERAL NATIONAL MORTGAGE ASSOCIATION	PFD	313586752	618,758	59,041,819	SH		SOLE	1	56,584,419	0	2,457,400
FEDERAL NATIONAL MORTGAGE ASSOCIATION	PFD	313586877	79	4,400	SH		SOLE		4,400	0	0
GENWORTH FINL INC	COM CL A	37247D106	18,998	1,071,500	SH		SOLE	1	1,063,700	0	7,800
HARTFORD FINL SVCS GROUP INC	COM	416515104	1,834	52,000	SH		SOLE		4,300	0	47,700
HARTFORD FINL SVCS GROUP INC	*W EXP 06/26/201	416515120	14,767	553,900	SH		SOLE	1	553,900	0	0
JPMORGAN CHASE & CO	*W EXP 10/28/201	46634E114	15,217	753,300	SH		SOLE	1	718,000	0	35,300
LEUCADIA NATL CORP	COM	527288104	448,968	16,034,558	SH		SOLE	1	13,722,553	0	2,312,005
LINCOLN NATL CORP IND	COM	534187109	2,250	44,400	SH		SOLE		3,700	0	40,700
LINCOLN NATL CORP IND	*W EXP 07/10/201	534187117	8,545	205,810	SH		SOLE	1	205,810	0	0
SEARS HLDGS CORP	COM	812350106	1,170,231	24,502,323	SH		SOLE	1	20,055,173	0	4,447,150
ST JOE CO	COM	790148100	478,309	24,847,204	SH		SOLE	1	23,841,602	0	1,005,602
VODAFONE GROUP PLC NEW	SPNSR AD NO PAR	92857W308	2,429	66,000	SH		SOLE	1	66,000	0	0
WELLS FARGO & CO NEW	COM	949746101	7,441	149,600	SH		SOLE		120,000	0	29,600
WELLS FARGO & CO NEW	*W 10/28/201	949746119	25,102	1,346,665	SH		SOLE	1	1,318,265	0	28,400