Fairholme Capital Sells AIG, BofA, Buys Sears Holdings

Fairholme Capital Management filed its 13-F with the SEC today. The document, which deals with the company's long holdings at the end of the third quarter, shows that its long portfolio was worth $8,441,166,000 on September 30, up from $7,691,263,000 at the end of the second quarter of 2013.

The filing showed some shuffling around at Fairholme by manager Bruce Berkowitz. Berkowitz appears to have been happy enough with his long portfolio through the third quarter, however. The manager sold a few thousand shares here and there, but made no substantive change to...