What did Bruce Berkowitz buy in Q4 2025?

Bruce Berkowitz opened 4 new positions (PGR, CF, TGT, NRP) and added to 0 existing holdings in the Q4 2025 13F.

What did Bruce Berkowitz sell in Q4 2025?

Bruce Berkowitz exited 1 position (CNR) and trimmed 0.

What Bruce Berkowitz bought and sold in Q4 2025

In Q4 2025, Bruce Berkowitz (Fairholme Capital) opened 4 new positions — including PGR (0.4%), CF (0.3%), TGT (0.2%), exited 1 (CNR). The book stood at $1.43B across 15 positions, filed Feb 17, 2026.

4New0Added0Trimmed1Exited

Share𝕏 in

New positions (4)

PGRProgressive Corp0.4% · $6M
CFCF Industries Holdings Inc0.3% · $4M
TGTTarget Corp0.2% · $2M
NRPNatural Resource Partners LP0.1% · $1M

Exited (1)

CNRCore Natural Resources Incwas <0.1% of book

Bruce Berkowitz's other filings

Q2 2026 changes Q1 2026 changes Q2 2025 changes Q1 2025 changes

Bruce Berkowitz's full portfolio →The whole cohort in Q4 2025 →

Changes vs the prior quarter's 13F, long US equity positions only (no shorts, options, or non-US listings). ADD/TRIM are share- count changes of ±20% or more. Sourced from SEC EDGAR. Not investment advice.