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
ALTRIA GROUP INC	COM	02209S103	2,600	62,000	SH		SOLE	1	62,000	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	3,810,247	69,810,314	SH		SOLE	1	67,387,881	0	2,422,433
AMERICAN INTL GROUP INC	*W EXP 01/19/202	026874156	651,406	24,488,935	SH		SOLE	1	23,753,831	0	735,104
AT&T INC	COM	00206R102	2,422	68,500	SH		SOLE	1	68,500	0	0
BANK OF AMERICA CORPORATION	COM	060505104	1,512,903	98,432,215	SH		SOLE	1	88,894,915	0	9,537,300
BANK OF AMERICA CORPORATION	*W EXP 01/16/201	060505146	83,890	12,158,028	SH		SOLE	1	10,744,328	0	1,413,700
BANK OF AMERICA CORPORATION	*W EXP 10/28/201	060505153	1,092	1,455,701	SH		SOLE		1,455,701	0	0
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	570	3	SH		SOLE		0	0	3
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	36,528	288,625	SH		SOLE		144,000	0	144,625
CITIGROUP INC	COM NEW	172967424	2,570	54,560	SH		SOLE		0	0	54,560
DIAMOND OFFSHORE DRILLING IN	COM	25271C102	2,432	49,000	SH		SOLE	1	49,000	0	0
FEDERAL HOME LOAN MORTGAGE CORP	COM	313400301	73,768	19,110,900	SH		SOLE	1	18,035,700	0	1,075,200
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400780	28,462	1,699,250	SH		SOLE	1	1,699,250	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400608	23,148	1,377,829	SH		SOLE	1	1,377,829	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400798	9,209	546,542	SH		SOLE	1	546,542	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400715	1,072	60,900	SH		SOLE		60,900	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400863	3,553	203,000	SH		SOLE	1	203,000	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400855	23,844	1,339,572	SH		SOLE	1	1,339,572	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400673	54,338	5,799,175	SH		SOLE	1	5,799,175	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400665	4,166	447,940	SH		SOLE	1	447,940	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400772	2,761	157,500	SH		SOLE		157,500	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400681	4,920	517,900	SH		SOLE	1	517,900	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400749	831	45,000	SH		SOLE		45,000	0	0
FEDERAL HOME LOAN MORTGAGE CORP	PFD	313400657	425	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	435,330	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	166	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	COM	313586109	80,723	20,645,300	SH		SOLE	1	19,158,800	0	1,486,500
FEDERAL NATIONAL MORTGAGE ASSOCIATION	PFD	313586802	4,681	269,500	SH		SOLE	1	269,500	0	0
FEDERAL NATIONAL MORTGAGE ASSOCIATION	PFD	313586786	31,948	3,672,127	SH		SOLE	1	3,672,127	0	0
FEDERAL NATIONAL MORTGAGE ASSOCIATION	PFD	313586778	14,410	1,580,000	SH		SOLE	1	1,580,000	0	0
FEDERAL NATIONAL MORTGAGE ASSOCIATION	PFD	313586794	117,287	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	610,891	59,023,319	SH		SOLE	1	56,584,419	0	2,438,900
FEDERAL NATIONAL MORTGAGE ASSOCIATION	PFD	313586877	78	4,400	SH		SOLE		4,400	0	0
GENWORTH FINL INC	COM CL A	37247d106	18,644	1,071,500	SH		SOLE	1	1,063,700	0	7,800
HARTFORD FINL SVCS GROUP INC	COM	416515104	1,862	52,000	SH		SOLE		4,300	0	47,700
HARTFORD FINL SVCS GROUP INC	*W EXP 06/26/201	416515120	15,133	553,900	SH		SOLE	1	553,900	0	0
JPMORGAN CHASE & CO	*W EXP 10/28/201	46634E114	14,561	753,300	SH		SOLE	1	718,000	0	35,300
KKR & CO L P DEL	COM UNITS	48248M102	2,469	101,500	SH		SOLE	1	101,500	0	0
LANDS END INC NEW	COM	51509F105	112,921	3,362,757	SH		SOLE	1	2,752,549	0	610,208
LEUCADIA NATL CORP	COM	527288104	412,057	15,715,357	SH		SOLE	1	13,445,953	0	2,269,404
LINCOLN NATL CORP IND	COM	534187109	2,284	44,400	SH		SOLE		3,700	0	40,700
LINCOLN NATL CORP IND	*W EXP 07/10/201	534187117	8,747	205,810	SH		SOLE	1	205,810	0	0
MERCURY GENL CORP NEW	COM	589400100	2,521	53,600	SH		SOLE	1	53,600	0	0
OAKTREE CAP GROUP LLC	UNIT CL A	674001201	2,400	48,000	SH		SOLE	1	48,000	0	0
REYNOLDS AMERICAN INC	COM	761713106	2,674	44,300	SH		SOLE	1	44,300	0	0
SEARS HLDGS CORP	COM	812350106	985,926	24,672,823	SH		SOLE	1	20,266,773	0	4,406,050
ST JOE CO	COM	790148100	631,602	24,836,898	SH		SOLE	1	23,841,602	0	995,296
TRANSOCEAN LTD	REG SHS	H8817H100	2,544	56,500	SH		SOLE	1	56,500	0	0
VODAFONE GROUP PLC NEW	SPNSR ADR NO PAR	92857W308	2,371	71,000	SH		SOLE	1	71,000	0	0
WELLS FARGO & CO NEW	COM	949746101	7,863	149,600	SH		SOLE		120,000	0	29,600
WELLS FARGO & CO NEW	*W EXP 10/28/201	949746119	28,872	1,346,665	SH		SOLE	1	1,318,265	0	28,400