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stockprofitter

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stockprofitter

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Thursday, 05/03/2018 8:02:43 AM

Thursday, May 03, 2018 8:02:43 AM

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https://www.gurufocus.com/news/675474/bruce-berkowitzs-fairholme-fund-buys-vistra-energy-in-1st-quarter

"Freddie Mac and Fannie Mae

Berkowitz’s fund continued trimming its holdings in preferred shares of Freddie Mac and Fannie Mae. During the quarter, the fund sold 7,886,338 shares of Freddie Mac 8.375% fixed-to-floating preferred shares (FMCKJ.PFD) and 7,678,501 of Fannie Mae Series S preferred shares (FNMAS.PFD). The two trades chopped 9.78% of the portfolio in the aggregate."

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