UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2013
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: Paul R. Thomson
Title: Chief Compliance Officer
Phone: 305-358-3000
Signature, Place, and Date of Signing:
/s/Paul R. Thomson Miami, FL 05-15-13
--------------------- ------------- ----------
[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: 21
Form 13F Information Table Value Total: $7,859,784
-----------
(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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
AMERICAN INTL GROUP COM COM 026874784 3334641 85900077.00 SH Sole 83451607.00 2448470.00
ASSURED GUARANTY LTD. COM G0585R106 1066 51700.00 SH Sole 51700.00
BANK OF AMERICA CORP. COM 060505104 1225177 100589215.00 SH Sole 90491115.00 10098100.00
BERKSHIRE HATHAWAY INC DEL CL COM 084670108 938 6.00 SH Sole 6.00
BERKSHIRE HATHAWAY INC DEL CL COM 084670702 159528 1530975.00 SH Sole 953600.00 577375.00
CANADIAN NAT RES LTD COM COM 136385101 35401 1101800.00 SH Sole 1101800.00
CHESAPEAKE ENERGY CORP COM 165167107 272957 13373700.00 SH Sole 13150000.00 223700.00
CITIGROUP INC COM COM 172967424 2538 57360.00 SH Sole 57360.00
GENWORTH FINANCIAL, INC. COM 37247d106 8988 898800.00 SH Sole 898800.00
LEUCADIA NATL CORP COM COM 527288104 514874 18770478.00 SH Sole 15400453.00 3370025.00
MBIA INC COM COM 55262c100 322743 31425820.00 SH Sole 26442000.00 4983820.00
ORCHARD SUPPLY HARDWARE STORES COM 685691404 2392 604094.00 SH Sole 601063.00 3031.00
SEARS HLDGS CORP COM COM 812350106 974853 19508773.00 SH Sole 17290773.00 2218000.00
ST JOE CO COM COM 790148100 532012 25035855.00 SH Sole 23841602.00 1194253.00
WELLS FARGO & CO NEW COM COM 949746101 5600 151400.00 SH Sole 120000.00 31400.00
AIG WARRANTS, 45.00 STRIKE, 1 026874156 369599 24315718.00 SH Sole 23523143.00 792575.00
BAC WARRANTS, 13.30 STRIKE, 1 060505146 56455 9904428.00 SH Sole 8490728.00 1413700.00
HARTFORD WARRANTS, 9.579 STRIK 416515120 8962 524400.00 SH Sole 524400.00
JP MORGAN WARRANTS, 42.42 STRI 46634E114 10735 753300.00 SH Sole 718000.00 35300.00
LINCOLN NATIONAL CORP., 10.636 534187117 4219 181610.00 SH Sole 181610.00
WELLS FARGO WARRANTS, 34.01 ST 949746119 16106 1346665.00 SH Sole 1318265.00 28400.00