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Fund Times

Fairholme Re-Buys Berkshire Hathaway

Berkowitz says financial crisis created opportunity for Buffett.

Mentioned: ,

A recent SEC filing shows that Fairholme Capital, advisor to the  Fairholme Fund (FAIRX), repurchased  Berkshire Hathaway (BRK.A) during 2009's first half. The firm bought about $150 million of Berkshire during the second quarter.

Firm founder and manager Bruce Berkowitz can't comment on whether the Fairholme Fund holds the stock until a new portfolio is made public, but nearly all of Fairholme Capital's assets are in this fund, so it's likely.

Michael Breen does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.