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While other fund managers are mostly running away from financials, struggling fund manager Bruce Berkowitz of the Fairholme Funds is going the other way.His new 13-F is out, and he’s loading up the boat on financials, particularly the real dogs.
He’s gone from about 6.7 million shares of AIG to 10.3 million.
In Bank of America, he’s gone form 9.2 million to 9.9 million.
And in Citigroup, he’s gone from 25.8 million to 26.38 million.
We wish him luck.