Holdings
| AIG AMERICAN INTERNATIONAL GROUP | $3.81B | 38.3% | 69,810,314 | −5,871,300 | −7.8% | Reduced |
| BAC BANK OF AMERICA CORP | $1.51B | 15.2% | 98,432,215 | −510,300 | −0.5% | Reduced |
| SHLDEUR SEARS HOLDINGS CORP | $985.9M | 9.9% | 24,672,823 | +170,500 | +0.7% | Added |
| AMERICAN INTL GROUP INC | $651.4M | 6.6% | 24,488,935 | −6,286 | −0.0% | Reduced |
| JOE ST JOE CO | $631.6M | 6.4% | 24,836,898 | −10,306 | −0.0% | Reduced |
| FNMA V8.25 PERP S FANNIE MAE | $610.9M | 6.1% | 59,023,319 | −18,500 | −0.0% | Reduced |
| FMCC V8.375 PERP Z FREDDIE MAC | $435.3M | 4.4% | 39,901,900 | — | — | Held |
| LEUCADIA NATL CORP | $412.1M | 4.1% | 15,715,357 | −319,201 | −2.0% | Reduced |
| FNMA F PERP O FANNIE MAE | $117.3M | 1.2% | 6,339,843 | — | — | Held |
| LE LANDS' END INC | $112.9M | 1.1% | 3,362,757 | +3,362,757 | — | New |
| BANK OF AMERICA CORPORATION | $83.9M | 0.8% | 12,158,028 | +1,638,700 | +15.6% | Added |
| FNMA FANNIE MAE | $80.7M | 0.8% | 20,645,300 | +1,482,400 | +7.7% | Added |
| FMCC FREDDIE MAC | $73.8M | 0.7% | 19,110,900 | +1,930,300 | +11.2% | Added |
| FMCC 5.57 PERP V FREDDIE MAC | $54.3M | 0.5% | 5,799,175 | — | — | Held |
| FMCC 6.55 PERP Y FREDDIE MAC | $39.0M | 0.4% | 4,196,108 | — | — | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | $36.5M | 0.4% | 288,625 | −300 | −0.1% | Reduced |
| FNMA F PERP P FANNIE MAE | $31.9M | 0.3% | 3,672,127 | — | — | Held |
| WELLS FARGO & CO NEW | $28.9M | 0.3% | 1,346,665 | — | — | Held |
| FMCC 0 PERP M FREDDIE MAC | $28.5M | 0.3% | 1,699,250 | — | — | Held |
| FMCC 5.1 PERP H FREDDIE MAC | $23.8M | 0.2% | 1,339,572 | — | — | Held |
| FMCC F PERP B FREDDIE MAC | $23.1M | 0.2% | 1,377,829 | — | — | Held |
| GNW GENWORTH FINANCIAL INC | $18.6M | 0.2% | 1,071,500 | — | — | Held |
| HARTFORD FINL SVCS GROUP INC | $15.1M | 0.2% | 553,900 | — | — | Held |
| JPMORGAN CHASE & CO | $14.6M | 0.1% | 753,300 | — | — | Held |
| FNMA 6.75 PERP Q FANNIE MAE | $14.4M | 0.1% | 1,580,000 | — | — | Held |
| FNMA 7.625 PERP R FANNIE MAE | $14.0M | 0.1% | 1,500,000 | — | — | Held |
| FMCC V0 PERP L FREDDIE MAC | $9.2M | 0.1% | 546,542 | — | — | Held |
| LNC/WS LINCOLN NATIONAL CORP-CW19 | $8.7M | 0.1% | 205,810 | — | — | Held |
| WFC WELLS FARGO & CO | $7.9M | 0.1% | 149,600 | — | — | Held |
| FMCC 5.9 PERP U FREDDIE MAC | $4.9M | 0.0% | 517,900 | — | — | Held |
| FNMA V0 PERP +G FANNIE MAE | $4.7M | 0.0% | 269,500 | — | — | Held |
| FMCC 5.66 PERP W FREDDIE MAC | $4.2M | 0.0% | 447,940 | — | — | Held |
| FMCC 5 PERP F FREDDIE MAC | $3.6M | 0.0% | 203,000 | — | — | Held |
| FMCC 5.81 PERP O FREDDIE MAC | $2.8M | 0.0% | 157,500 | — | — | Held |
| REYNOLDS AMERICAN INC | $2.7M | 0.0% | 44,300 | +44,300 | — | New |
| MO ALTRIA GROUP INC | $2.6M | 0.0% | 62,000 | +62,000 | — | New |
| C CITIGROUP INC | $2.6M | 0.0% | 54,560 | — | — | Held |
| RIG TRANSOCEAN LTD | $2.5M | 0.0% | 56,500 | +56,500 | — | New |
| MCY MERCURY GENERAL CORP | $2.5M | 0.0% | 53,600 | +53,600 | — | New |
| KKR & CO L P DEL | $2.5M | 0.0% | 101,500 | +101,500 | — | New |
| DOEUR DIAMOND OFFSHORE DRILLING | $2.4M | 0.0% | 49,000 | +49,000 | — | New |
| T AT&T INC | $2.4M | 0.0% | 68,500 | — | — | Held |
| OAK OAKTREE CAPITAL GROUP LLC | $2.4M | 0.0% | 48,000 | +48,000 | — | New |
| VOD VODAFONE GROUP PLC-SP ADR | $2.4M | 0.0% | 71,000 | +5,000 | +7.6% | Added |
| LNC LINCOLN NATIONAL CORP | $2.3M | 0.0% | 44,400 | — | — | Held |
| HIG HARTFORD INSURANCE GROUP INC | $1.9M | 0.0% | 52,000 | — | — | Held |
| BANK OF AMERICA CORPORATION | $1.1M | 0.0% | 1,455,701 | +1,455,701 | — | New |
| FMCC F PERP S FREDDIE MAC | $1.1M | 0.0% | 60,900 | — | — | Held |
| FMCC 6 PERP P FREDDIE MAC | $831K | 0.0% | 45,000 | — | — | Held |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | $570K | 0.0% | 3 | — | — | Held |
| FMCC 6.02 PERP X FREDDIE MAC | $425K | 0.0% | 45,500 | — | — | Held |
| FMCC 6.42 PERP T FREDDIE MAC | $166K | 0.0% | 9,200 | — | — | Held |
| FMCC 5.79 PERP +++K FREDDIE MAC | $166K | 0.0% | 9,400 | — | — | Held |
| FMCC 5.7 PERP R FREDDIE MAC | $151K | 0.0% | 8,400 | — | — | Held |
| FNMA 5.375 PERP +I FANNIE MAE | $78K | 0.0% | 4,400 | — | — | Held |
Sold positions
| Holding | Shares sold | Prior value |
|---|---|---|
| CHKEUR CHESAPEAKE ENERGY CORP | 536,300 | $13.7M |
Holdings reflect long positions disclosed in 13F filings only and exclude short positions, cash, and other non-13F assets. Holdings data sourced from SEC EDGAR. Not investment advice. Full disclaimer.