# Fairholme Capital Management, L.L.C. > Fairholme Capital Management, L.L.C. is an SEC-registered investment advisory firm in South Miami, FL, registered since 1997, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026. - CRD: 107987 - Filed as: FAIRHOLME CAPITAL MANAGEMENT, L.L.C. - Registration: SEC-registered investment adviser (status as filed: Approved) - Location: South Miami, FL - Filing period: October 2026 - Form ADV filing dated: March 27, 2026 - SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/107987 - AdvisorCensus page: https://advisorcensus.com/firm/fairholme-capital-management-l-l-c-south-miami-fl-107987 ## Quick answers **How is Fairholme Capital Management, L.L.C. compensated?** On its Form ADV (Item 5.E, October 2026), Fairholme Capital Management, L.L.C. reports these compensation arrangements: a percentage of assets under its management. **Where is Fairholme Capital Management, L.L.C. located?** Fairholme Capital Management, L.L.C.'s principal office is in South Miami, FL, according to its Form ADV. **Is Fairholme Capital Management, L.L.C. registered with the SEC or a state?** Fairholme Capital Management, L.L.C. is an SEC-registered investment advisory firm, registered since 1997. Status as filed: Approved. CRD 107987. **How much does Fairholme Capital Management, L.L.C. manage?** Fairholme Capital Management, L.L.C. reports $2,141,157,171 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary). **How have Fairholme Capital Management, L.L.C.'s assets and staff changed since 2021?** In the Form ADV data for Fairholme Capital Management, L.L.C.: Regulatory assets under management: $2,244,644,153 in the October 2021 data and $2,141,157,171 in the October 2026 data, down 5%. Total employees: 9 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going. **What types of clients does Fairholme Capital Management, L.L.C. serve?** By number of clients on Form ADV Item 5.D: high net worth individuals (57); corporations or other businesses not listed above (15); pension and profit sharing plans (but not the plan participants or government pension plans) (5). **Which custodians does Fairholme Capital Management, L.L.C. use?** Fairholme Capital Management, L.L.C.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Jefferies LLC and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets. **Does Fairholme Capital Management, L.L.C. report any disciplinary disclosures?** Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/107987 **What changed in Fairholme Capital Management, L.L.C.'s recent Form ADV filings?** In the April 2026 filing data: Regulatory assets under management went from $1,653,670,642 to $2,141,157,171 (+29%). ## From the Form ADV filing ### Compensation (Item 5.E) - A percentage of assets under your management ### Custodians (Schedule D, Section 5.K(3)) - Jefferies LLC - National Financial Services LLC Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian. ### Regulatory assets under management (Item 5.F) - Total: $2,141,157,171 - Discretionary: $2,141,157,171 - Non-discretionary: $0 ### Clients (Item 5.D) | Client type | Clients | Assets | | --- | --- | --- | | Individuals (other than high net worth individuals) | 0 | $0 | | High net worth individuals | 57 | $104,612,626 | | Banking or thrift institutions | 0 | $0 | | Investment companies | 2 | $1,669,349,237 | | Business development companies | 0 | $0 | | Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 | | Pension and profit sharing plans (but not the plan participants or government pension plans) | 5 | $28,327,211 | | Charitable organizations | 2 | $87,204,791 | | State or municipal government entities (including government pension plans) | 0 | $0 | | Other investment advisers | 0 | $0 | | Insurance companies | 0 | $0 | | Sovereign wealth funds and foreign official institutions | 0 | $0 | | Corporations or other businesses not listed above | 15 | $251,663,306 | | Other | 0 | $0 | ### Advisory services (Item 5.G) - Portfolio management for individuals and/or small businesses - Portfolio management for investment companies (and business development companies) - Portfolio management for businesses (other than small businesses) or institutional clients ### Firm details - Registered since: 1997 (29 years) - Employees: 7 total, 2 performing advisory functions - Wrap fee program participation: No - States registered or notice-filed: FL, MA - Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11. ### Websites listed on Form ADV (Item 1.I) - clients.fairholme.net - fairholmecapital.com - fairholmefunds.com ## Assets and staff over time | Data period | Regulatory assets under management | Employees | Filing dated | | --- | --- | --- | --- | | October 2021 | $2,244,644,153 | 9 | March 30, 2021 | | October 2022 | $2,087,768,114 | 9 | July 1, 2022 | | October 2023 | $1,638,048,661 | 9 | March 30, 2023 | | October 2024 | $1,828,234,132 | 7 | March 28, 2024 | | October 2025 | $1,653,670,642 | 7 | May 2, 2025 | | October 2026 | $2,141,157,171 | 7 | March 27, 2026 | Regulatory assets under management: $2,244,644,153 in the October 2021 data and $2,141,157,171 in the October 2026 data, down 5%. Total employees: 9 in October 2021 and 7 in October 2026. ## Changes in the filing (last 12 months) ### April 2026 - Regulatory assets under management went from $1,653,670,642 to $2,141,157,171 (+29%). ## Source Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Fairholme Capital Management, L.L.C. (CRD 107987): Form ADV filing data as of October 2026.