Bruce Berkowitz Adds To Fannie Mae, Freddie Mac Positions

Bruce Berkowitz has been adding to his positions in Fannie Mae and Freddie Mac, but their falling stock price means they are a smaller portion of the Fairholme Fund’s portfolio Bruce Berkowitz’s Fairholme Funds has continued buying common stock in Fannie Mae and Freddie Mac, even though the drop in stock prices means that the two positions are smaller in value than they were mid-2014. Berkowitz has been heavily invested in the GSEs for years now, and his suit in the US Court of Federal Claims is vital to the long thesis, so it’s a good sign for his fellow…