Berkowitz's Fairholme Reduces Stakes in AAIGF, BRK.A, CIT, OSH, AIG

Bruce Berkowitz's Fairholme Funds (FAIRX), a value mutual fund hold which holds a total of $5,561,843,000 worth of assets. Fairholme is down from peak assets of $23 billion only two years ago.

Apparently, the firm did not buy any stock during the second quarter of 2012, and only made one purchase in the first quarter. The sales were likely due to redemptions by investors.

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