UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 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 January 25, 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: 76
Form 13F Information Table Value Total: $515,583
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 352 75000.0000SH SOLE 75000.0000
ALEXANDERS INC COM 014752109 228 2890.0000SH SOLE 2890.0000
ALLEGHANY CORP DEL COM 017175100 452 2438.0000SH SOLE 2438.0000
ALLIANCE CAP MGMT HOLDINGS COM 01855A101 585 19550.0000SH SOLE 19550.0000
ALLSTAR INNS INC COM COM 019889104 0 20675.0000SH SOLE 20675.0000
AMERCO COM COM 023586100 2216 88650.0000SH SOLE 88650.0000
AMERICAN EXPRESS CO COM 025816109 6254 37621.0000SH SOLE 37621.0000
ATWOOD OCEANICS INC COM COM 050095108 318 8236.0000SH SOLE 8236.0000
BARRICK GOLD CORP COM COM 067901108 189 10700.0000SH SOLE 10700.0000
BARRY R G CORP OHIO COM 068798107 68 17007.0000SH SOLE 17007.0000
BERKSHIRE HATHAWAY CL A COM 084670108 72593 1294.0000SH SOLE 1.0000 1293.0000
BERKSHIRE HATHAWAY CL B COM 084670207 116822 63837.0000SH SOLE 61.0000 63776.0000
BLACKROCK INCOME TR COM COM 09247F100 94 16400.0000SH SOLE 16400.0000
BRISTOL MYERS SQUIBB COM 110122108 227 3540.0000SH SOLE 3540.0000
CALIF FED BK-GOODWILL CERTIF COM 130209604 17 12006.0000SH SOLE 12006.0000
CEDAR FAIR L P DEPOSITRY UNIT COM 150185106 3409 175968.1820SH SOLE 1000.0000 174968.18
CHICAGO TITLE CORP COM COM 168228104 2817 60900.0000SH SOLE 60900.0000
CITIGROUP COM 172967101 765 13732.0000SH SOLE 13732.0000
COAST SAVINGS LITIGATION RIGHT COM 19034q110 235 156700.0000SH SOLE 156700.00
COCA COLA CO COM 191216100 1122 19257.0000SH SOLE 19257.0000
DISNEY WALT CO COM 254687106 568 19405.0000SH SOLE 19405.0000
FARM FAMILY HOLDING INC COM 307901108 878 20787.0000SH SOLE 20787.0000
FEDERAL HOME LN MTG CP COM 313400301 8345 177320.0000SH SOLE 177320.00
FEDERAL NATL MTG ASSN COM 313586109 249 3985.0000SH SOLE 3985.0000
FIRST UN RL EST EQ&MTG SH BEN COM 337400105 2537 534038.0000SH SOLE 534038.00
FRANKLIN ELEC INC COM 353514102 691 9851.0000SH SOLE 9851.0000
FREMONT GEN CORP COM COM 357288109 99 13400.0000SH SOLE 13400.0000
GLOBAL DIRECTMAIL CORP COM COM 379321102 324 38100.0000SH SOLE 38100.0000
GYRODYNE CO AMER INC COM COM 403820103 327 16031.0000SH SOLE 16031.0000
HARKEN ENERGY CORP COM COM 412552101 33 40000.0000SH SOLE 40000.0000
HOMEFED CORP COM 43739D208 829 947481.0000SH SOLE 396.0000 947085.00
HOUSEHOLD INTL COM 441815107 179906 4829695.0700SH SOLE 4100.0000 4825595.0
HVIDE MARINE INC CL A COM 448515106 1 10000.0000SH SOLE 10000.0000
IKON OFFICE SOLUTIONS COM COM 451713101 102 15000.0000SH SOLE 15000.0000
INTEL CORP COM 458140100 1319 16028.0000SH SOLE 16028.0000
JEFFERIES GROUP INC (NEW) COM 472319102 1525 69300.0000SH SOLE 69300.0000
JOHNSON & JOHNSON COM COM 478160104 212 2272.0000SH SOLE 2272.0000
LEUCADIA NATL COM 527288104 17078 738507.9950SH SOLE 1000.0000 737507.99
M & T BANK CORP COM 55261F104 828 2000.0000SH SOLE 2000.0000
MARKEL CORP COM 570535104 549 3543.0000SH SOLE 3543.0000
MATTHEWS INTL CORP CL A COM 577128101 577 21000.0000SH SOLE 21000.0000
MERCURY GENL CORP NEW COM 589400100 45050 2024734.6540SH SOLE 1500.0000 2023234.6
MERITOR SVGS BK PA COM COM 590007100 63 52000.0000SH SOLE 52000.0000
MIDAMERN ENRG HLDG NEW COM COM 59562V107 782 23200.0000SH SOLE 23200.0000
MORGAN STAN DEAN WITTR MUN INC COM 61745P460 77 10300.0000SH SOLE 10300.0000
MORGAN STAN DEAN WITTR MUN INC COM 61745P486 83 10700.0000SH SOLE 10700.0000
MORGAN STAN DEAN WITTR NEW COM 617446448 3407 23870.0000SH SOLE 23870.0000
NETWORK COMPUTG DEVICE COM 64120n100 394 50000.0000SH SOLE 50000.0000
NETWORKS ASSOCS INC COM COM 64120N100 334 12500.0000SH SOLE 12500.0000
PROGRESSIVE CORP OHIO COM 743315103 665 9100.0000SH SOLE 9100.0000
PROGRESSIVE SVGS BK CA COM 743374100 0 48000.0000SH SOLE 48000.0000
R & B FALCON CORP COM COM 74912E101 152 11500.0000SH SOLE 11500.0000
RLI CORP COM 749607107 1663 48926.0000SH SOLE 48926.0000
SELECTIVE INS GROUP COM COM 816300107 253 14700.0000SH SOLE 14700.0000
SERVICE CORP INTL COM COM 817565104 83 12000.0000SH SOLE 12000.0000
SLM HLDG CORP COM 78442a109 1469 34770.0000SH SOLE 34770.0000
TEMPLETON GLOBAL INCM COM COM 880198106 69 11750.0000SH SOLE 11750.0000
TERRA NOVA HLDGS LTD ORD CL A COM G87615103 13731 457700.0000SH SOLE 450.0000 457250.00
TOKHEIM CORP COM COM 889073102 217 60000.0000SH SOLE 60000.0000
TOPPS INC COM COM 890786106 249 24000.0000SH SOLE 24000.0000
VIEWCAST COM INC COM COM 926713108 81 20000.0000SH SOLE 20000.0000
VORNADO RLTY TR SH BEN INT COM 929042109 531 16335.0000SH SOLE 16335.0000
WARNER LAMBERT CO COM COM 934488107 270 3300.0000SH SOLE 3300.0000
WASHINGTON POST CO CL B COM 939640108 420 756.0000 SH SOLE 756.0000
WASTE MGMT INC DEL COM COM 94106L109 172 10000.0000SH SOLE 10000.0000
WELLS FARGO & CO COM 949746101 11938 295210.0000SH SOLE 295210.00
WELLSFORD REAL PPTYS COM COM 950240101 257 30250.0000SH SOLE 30250.0000
WESCO FINL CORP COM COM 950817106 2132 8702.0000SH SOLE 8702.0000
WHITE MTNS INS GROUP LTD COM COM 964126106 289 2400.0000SH SOLE 2400.0000
GLENBOROUGH RLTY TR COM 37803P105 214 16000.0000SH SOLE 16000.0000
MGI PPTYS INC 552885105 959 182575.0000SH SOLE 182575.00
PMC COML TR SH BEN INT 693434102 274 27100.0000SH SOLE 27100.0000
RFS HOTEL INVS INC COM 74955J108 110 10500.0000SH SOLE 10500.0000
TOWN & CTRY TR SH BEN INT 892081100 1086 60541.7220SH SOLE 60541.7220
DAVIS NY VENTURE FD CL A 239080104 1397 48565.922SH SOLE 48565.922
HOUSEHOLD INTL CLL OPT 23.3750 LEA 968 260 SH SOLE 260
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