Form 4: Fairholme Funds Reduce Stake in St. Joe Co (JOE)

Bruce Berkowitz and Fairholme Funds report selling shares of St. Joe Co (JOE), reducing their holdings.

Summary

• Bruce R. Berkowitz, through Fairholme Capital Management, and Fairholme Funds Inc., reported selling shares of St. Joe Co (JOE) between March 18 and March 20, 2025.
• The sales involved common stock at a price of $47 per share.
• The total shares sold were 160,300 on March 18, 57,200 on March 19, and 2,900 on March 20.
• Following these transactions, the Fairholme Fund's holdings decreased to 16,940,624 shares.
• Berkowitz also directly owns 606,866 shares.
• Erica K. Kapahi, as Attorney in Fact, signed the report on behalf of Bruce R. Berkowitz and Fairholme Funds, Inc.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to the reduction in holdings by a major shareholder, which could indicate a lack of confidence or a shift in investment strategy.

Negatives

• Fairholme Funds reduced its stake in St. Joe Co (JOE), which could be interpreted negatively by the market.

Risks

• Continued selling pressure from Fairholme Funds could further depress the stock price of St. Joe Co (JOE).

Industry Context

Form 4 filings are standard disclosures for significant shareholders, providing transparency into their trading activities. The sale by a major shareholder like Fairholme Funds is always closely watched by the market.

Stakeholder Impact

• Shareholders may react to the news of Fairholme Funds reducing its stake.
• The market perception of St. Joe Co could be affected.

Key Dates

Keywords

St. Joe Co, Fairholme Funds, Bruce Berkowitz, Share Sale, JOE, Beneficial Ownership, Form 4