UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Fairholme Capital Management L.L.C.
Address: 51 JFK Parkway
Short Hills, New Jersey 07078
13F File Number: 28-6994
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct and complete, and
that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Michael J. Senior
Title: Chief Operating Officer
Phone: 973-379-6557
Signature, Place, and Date of Signing:
Michael J. Senior Short Hills, New Jersey October 27, 1999
Report Type (Check only one.):
[ x ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 69
Form 13F Information Table Value Total: $522,673
List of Other Included Managers:
No. 13F File Number Name:
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AHT CORPORATION COM 00130R103 218 75000.0000SH SOLE 75000.0000
ALLEGHANY CORP DEL COM 017175100 572 3233.0000SH SOLE 3233.0000
ALLIANCE CAP MGMT L P UNIT LTD COM 018548107 536 19550.0000SH SOLE 19550.0000
ALLSTAR INNS INC COM COM 019889104 0 20675.0000SH SOLE 20675.0000
AMERCO COM COM 023586100 1131 39600.0000SH SOLE 39600.0000
AMERICAN EXPRESS CO COM 025816109 5180 38372.0000SH SOLE 38372.0000
ANCHOR GAMING COM 033037102 387 6500.0000SH SOLE 6500.0000
ATWOOD OCEANICS INC COM COM 050095108 318 10400.0000SH SOLE 10400.0000
BARRICK GOLD CORP COM COM 067901108 233 10700.0000SH SOLE 10700.0000
BARRY R G CORP OHIO COM 068798107 97 15905.0000SH SOLE 15905.0000
BEAR STEARNS COS INC COM 073902108 338 8785.0000SH SOLE 8785.0000
BERKSHIRE HATHAWAY CL A COM 084670108 54670 994.0000 SH SOLE 6.0000 988.0000
BERKSHIRE HATHAWAY CL B COM 084670207 125414 67572.0000SH SOLE 82.0000 67490.0000
BRISTOL MYERS SQUIBB COM 110122108 232 3440.0000SH SOLE 3440.0000
CALIF FED BK-GOODWILL CERTIF COM 130209604 29 12006.0000SH SOLE 12006.0000
CEDAR FAIR L P DEPOSITRY UNIT COM 150185106 2031 97900.0000SH SOLE 1000.0000 96900.0000
CITIGROUP COM 172967101 868 19732.0000SH SOLE 19732.0000
COAST SAVINGS LITIGATION RIGHT COM 19034q110 22 21500.0000SH SOLE 21500.0000
COCA COLA CO COM 191216100 920 19057.0000SH SOLE 19057.0000
DISNEY WALT CO COM 254687106 505 19405.0000SH SOLE 19405.0000
DUNN COMPUTER CORP VA COM 265771105 17 10000.0000SH SOLE 10000.0000
FARM FAMILY HOLDING INC COM 307901108 805 20377.0000SH SOLE 20377.0000
FEDERAL HOME LN MTG CP COM 313400301 9746 187420.0000SH SOLE 187420.00
FEDERAL NATL MTG ASSN COM 313586109 676 10790.0000SH SOLE 10790.0000
FIRST UN RL EST EQ&MTG SH BEN COM 337400105 2956 591246.0000SH SOLE 591246.00
FRANKLIN ELEC INC COM 353514102 594 8993.0000SH SOLE 8993.0000
GLOBAL DIRECTMAIL CORP COM COM 379321102 243 29000.0000SH SOLE 29000.0000
GOLDEN WEST FINL DEL COM COM 381317106 281 2859.0000SH SOLE 2859.0000
GYRODYNE CO AMER INC COM COM 403820103 321 16031.0000SH SOLE 16031.0000
HOUSEHOLD INTL COM 441815107 205530 5122249.4000SH SOLE 16200.0000 5106049.4
HVIDE MARINE INC CL A COM 448515106 6 10000.0000SH SOLE 10000.0000
IKON OFFICE SOLUTIONS COM COM 451713101 160 15000.0000SH SOLE 15000.0000
INTEL CORP COM 458140100 1191 16028.0000SH SOLE 16028.0000
INTERNATIONAL SPEEDWAY CL A COM 460335201 553 10524.0000SH SOLE 10524.0000
JEFFERIES GROUP INC (NEW) COM 472319102 1447 69300.0000SH SOLE 69300.0000
KOMAG INC COM COM 500453105 60 20000.0000SH SOLE 20000.0000
LEUCADIA NATL COM 527288104 15197 723660.0000SH SOLE 3250.0000 720410.00
LIQUI BOX CORP COM 536314107 658 12180.0000SH SOLE 12180.0000
M & T BANK CORP COM 55261F104 918 2000.0000SH SOLE 2000.0000
MARKEL CORP COM 570535104 3106 17058.0000SH SOLE 17058.0000
MATTHEWS INTL CORP CL A COM 577128101 633 21000.0000SH SOLE 21000.0000
MERCURY GENL CORP NEW COM 589400100 36508 1324516.9480SH SOLE 2700.0000 1321816.9
MERITOR SVGS BK PA COM COM 590007100 71 52000.0000SH SOLE 52000.0000
MORGAN STAN DEAN WITTR NEW COM 617446448 2129 23870.0000SH SOLE 23870.0000
NETWORK COMPUTG DEVICE COM 64120n100 315 70000.0000SH SOLE 70000.0000
NETWORKS ASSOCS INC COM COM 64120N100 239 12500.0000SH SOLE 12500.0000
NIKE INC CL B COM 654106103 205 3604.0000SH SOLE 3604.0000
NORTH EAST INS CO COM 659164107 916 299000.0000SH SOLE 299000.00
PIMCO ADVISORS HLDG LP UT LTD COM 69338P102 627 19920.0000SH SOLE 19920.0000
PROGRESSIVE CORP OHIO COM 743315103 621 7600.0000SH SOLE 7600.0000
PROGRESSIVE SVGS BK CA COM 743374100 0 50500.0000SH SOLE 50500.0000
R & B FALCON CORP COM COM 74912E101 263 20040.0000SH SOLE 20040.0000
RLI CORP COM 749607107 1299 39376.0000SH SOLE 39376.0000
SELECTIVE INS GROUP COM COM 816300107 277 14700.0000SH SOLE 14700.0000
SERVICE CORP INTL COM COM 817565104 137 13000.0000SH SOLE 13000.0000
SLM HLDG CORP COM 78442a109 1522 35395.0000SH SOLE 35395.0000
TERRA NOVA HLDGS LTD ORD CL A COM G87615103 6576 205900.0000SH SOLE 450.0000 205450.00
TOPPS INC COM COM 890786106 90 12000.0000SH SOLE 12000.0000
VORNADO RLTY TR SH BEN INT COM 929042109 511 15727.0000SH SOLE 15727.0000
WASHINGTON POST CO CL B COM 939640108 519 1018.0000SH SOLE 1018.0000
WELLS FARGO & CO COM 949746101 23434 591395.9070SH SOLE 300.0000 591095.90
WELLSFORD REAL PPTYS COM COM 950240101 268 28179.0000SH SOLE 28179.0000
WESCO FINL CORP COM COM 950817106 2358 8702.0000SH SOLE 8702.0000
MGI PPTYS INC 552885105 1822 202396.0000SH SOLE 202396.00
PMC COML TR SH BEN INT 693434102 253 19100.0000SH SOLE 19100.0000
TOWN & CTRY TR SH BEN INT 892081100 1130 63869.2960SH SOLE 63869.2960
DAVIS NY VENTURE FD CL A 239080104 339 12902.847SH SOLE 12902.847
HOUSEHOLD INTL CLL OPT 23.3750 LEA 1043 260 SH SOLE 260
HOUSEHOLD INTL CLL OPT 30.0000 LEA 401 100 SH SOLE 100
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