Fannie Mae-No Politics (FNMA)

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Did Fairholme sell its position in Freddie Mac and Fannie Mae?
By Santiago Solari • Jan 7, 2015 2:42 pm EST
Fairholme Capital’s 3Q14 positions

In 3Q14, Fairholme Capital Management added a new position in Chesapeake Energy (CHK) and increased its position in Sears Holdings Corporation (SHLD). It also sold its common equity positions in government-sponsored enterprises Fannie Mae (FNMA) and Freddie Mac (FMCC). It exited its stake in Genworth Financial (GNW) and reduced its positions in American International Group (AIG), St. Joe Company (JOE), Lands’ End (LE), and Leucadia National Corporation (LUK).

Fairholme’s 13F revealed that the company has fully exited its common equity positions in both Fannie Mae and Freddie Mac. It continues to remain invested in both agencies through preferred shares that formed the majority of its holdings in these funds.