UNITED STATES
SECURTIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 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 July 28, 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: 57
Form 13F Information Table Value Total: $598,013
List of Other Included Managers:
No. 13F File Number Name:
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<TABLE>
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 281 75000.0000SH SOLE 75000.0000
ALLEGHANY CORP DEL COM 017175100 934 5048.0000SH SOLE 5048.0000
ALLIANCE CAP MGMT L P UNIT LTD COM 018548107 218 6750.0000SH SOLE 6750.0000
AMERCO COM COM 023586100 396 17600.0000SH SOLE 17600.0000
AMERICAN EXPRESS CO COM 025816109 4291 32979.0000SH SOLE 32979.0000
ANCHOR GAMING COM 033037102 457 9500.0000SH SOLE 9500.0000
ATWOOD OCEANICS INC COM COM 050095108 262 8400.0000SH SOLE 8400.0000
BEAR STEARNS COS INC COM 073902108 411 8785.0000SH SOLE 8785.0000
BERKSHIRE HATHAWAY CL A COM 084670108 62630 909.0000 SH SOLE 11.0000 898.0000
BERKSHIRE HATHAWAY CL B COM 084670207 139451 62255.0000SH SOLE 82.0000 62173.0000
BRISTOL MYERS SQUIBB COM 110122108 242 3440.0000SH SOLE 3440.0000
CEDAR FAIR L P DEPOSITRY UNIT COM 150185106 965 38700.0000SH SOLE 38700.0000
CITIGROUP COM 172967101 937 19732.0000SH SOLE 19732.0000
COCA COLA CO COM COM 191216100 968 15612.0000SH SOLE 15612.0000
CONSECO INC COM COM 208464107 974 32002.0000SH SOLE 32002.0000
DISNEY WALT CO COM 254687106 595 19305.0000SH SOLE 19305.0000
DUNN COMPUTER CORP VA COM 265771105 20 10000.0000SH SOLE 10000.0000
FEDERAL HOME LN MTG CP COM 313400301 10151 175020.0000SH SOLE 175020.00
FEDERAL NATL MTG ASSN COM 313586109 255 3738.0000SH SOLE 3738.0000
FIRST UN RL EST EQ&MTG SH BEN COM 337400105 3228 717300.0000SH SOLE 717300.00
GLOBAL DIRECTMAIL CORP COM COM 379321102 247 20000.0000SH SOLE 20000.0000
GYRODYNE CO AMER INC COM COM 403820103 220 12937.0000SH SOLE 12937.0000
HOUSEHOLD INTL COM 441815107 230980 4875569.8087SH SOLE 27100.0000 4848469.8
HVIDE MARINE INC CL A COM 448515106 22 10000.0000SH SOLE 10000.0000
IKON OFFICE SOLUTIONS COM COM 451713101 225 15000.0000SH SOLE 15000.0000
INTEL CORP COM 458140100 2549 42832.0000SH SOLE 42832.0000
INVESTMENT TECH GROUP INC COM 46145F105 806 25093.0000SH SOLE 25093.0000
JEFFERIES GROUP INC (NEW) COM 472319102 4159 143400.0000SH SOLE 143400.00
KOMAG INC COM COM 500453105 66 20000.0000SH SOLE 20000.0000
LEUCADIA NATL COM 527288104 19184 756027.0000SH SOLE 4000.0000 752027.00
LIQUI BOX CORP COM 536314107 306 5700.0000SH SOLE 5700.0000
M & T BANK CORP COM 55261F104 1941 3530.0000SH SOLE 3530.0000
MARKEL CORP COM 570535104 3871 20700.0000SH SOLE 20700.0000
MATTHEWS INTL CORP CL A COM 577128101 622 21000.0000SH SOLE 21000.0000
MERCURY GENL CORP NEW COM 589400100 12198 358753.4820SH SOLE 1900.0000 356853.48
MERITOR SVGS BK PA COM COM 590007100 19 14000.0000SH SOLE 14000.0000
MORGAN STAN DEAN WITTR NEW COM 617446448 2382 23210.0000SH SOLE 23210.0000
NETWORK COMPUTG DEVICE COM 64120n100 337 70000.0000SH SOLE 70000.0000
NETWORKS ASSOCS INC COM COM 64120N100 184 12500.0000SH SOLE 12500.0000
NIKE INC CL B COM 654106103 228 3604.0000SH SOLE 3604.0000
NORTH EAST INS CO COM 659164107 916 299000.0000SH SOLE 299000.00
PENSKE MOTORSPORTS INC COM 709598106 501 10100.0000SH SOLE 10100.0000
PROGRESSIVE CORP OHIO COM 743315103 1450 10000.0000SH SOLE 10000.0000
R & B FALCON CORP COM COM 74912E101 108 11500.0000SH SOLE 11500.0000
RLI CORP COM 749607107 1362 35151.0000SH SOLE 35151.0000
SERVICE CORP INTL COM COM 817565104 250 13000.0000SH SOLE 13000.0000
SLM HLDG CORP COM 78442a109 1550 33835.0000SH SOLE 33835.0000
TERRA NOVA HLDGS LTD ORD CL A COM G87615103 3351 124400.0000SH SOLE 124400.00
VALUE LINE INC COM COM 920437100 542 13900.0000SH SOLE 13900.0000
WARNER LAMBERT CO COM COM 934488107 207 3000.0000SH SOLE 3000.0000
WELLS FARGO & CO COM 949746101 68094 1592845.3160SH SOLE 5400.0000 1587445.3
WESCO FINL CORP COM COM 950817106 2697 8700.0000SH SOLE 8700.0000
MGI PPTYS INC 552885105 5664 200500.0000SH SOLE 200500.00
TOWN & CTRY TR SH BEN INT 892081100 1078 60300.0000SH SOLE 60300.0000
DAVIS NY VENTURE FD CL A 239080104 322 11152.544SH SOLE 11152.544
HOUSEHOLD INTL CLL OPT 23.3750 LEA 1232 260 SH SOLE 260
HOUSEHOLD INTL CLL OPT 30.0000 LEA 474 100 SH SOLE 100
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