Replies to post #483011 on Fannie Mae-No Politics (FNMA)

[Latergater]

Years ago.

[kthomp19]

Fairholme's 2018 semi-annual report shows that, as of May 31, Fairholme owned no commons (pages 24 and 38).

Similar research shows that, as of November 30 2015, FAIRX (page 16) had 83M common shares, while FOCIX (pages 14) and FAAFX (page 14) had none.

Fairholme was kind enough to combine all three funds' reports into one document in 2016, and on pages 20 and 34 (of the pdf) we see that none of Fairholme's funds had any common shares as of May 31 2016. Thus Berkowitz sold all his commons in the first half of 2016. He has also sold all FnF preferred series except FNMAS and FMCKJ.