Fairholme Capital Amends St. Joe Co. Stake

TL;DR

Fairholme Capital just updated their St. Joe Co. filing again. Keep an eye on this one.

AI Summary

Fairholme Capital Management LLC, through Bruce R. Berkowitz, has amended its Schedule 13D filing for The St. Joe Company on October 23, 2024. This amendment, the 33rd, indicates a change in their beneficial ownership of the company's common stock. The filing does not specify new dollar amounts or exact share changes in this amendment.

Why It Matters

This filing signifies ongoing activity and potential strategic shifts by a significant shareholder in The St. Joe Company, which could influence the company's future direction.

Risk Assessment

Risk Level: medium — Amendments to 13D filings often signal changes in a major shareholder's strategy or holdings, which can introduce volatility.

Key Players & Entities

• Fairholme Capital Management LLC (company) — Filing entity
• Bruce R. Berkowitz (person) — Beneficial owner associated with Fairholme Capital
• The St. Joe Company (company) — Subject company

FAQ

Filing Documents

• d11501685_13d-a.htm (SC 13D/A) — 102KB
• 0000919574-24-005995.txt ( ) — 103KB

From the Filing

SC 13D/A 1 d11501685_13d-a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D Under The Securities Exchange Act of 1934 (Amendment No. 33)* The St. Joe Company (Name of Issuer) Common Stock (Title of Class of Securities) 790148100 (CUSIP Number) Bruce R. Berkowitz c/o Fairholme Capital Management, L.L.C. 5966 South Dixie Highway, Suite 300 South Miami, FL 33143 (305) 358-3000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 21, 2024 (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss.240.13D-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [__]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. ______________ * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise CUSIP No. 790148100 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Fairholme Capital Management, L.L.C. 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [__] (b) [X] 3. SEC USE ONLY 4. SOURCE OF FUNDS* AF 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 17,877,824 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER [_] 19,230,700 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 19,230,700 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 32.9% 14. TYPE OF REPORTING PERSON* IA CUSIP No. 790148100 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Bruce R. Berkowitz 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [__] (b) [X] 3. SEC USE ONLY 4. SOURCE OF FUNDS* AF 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States of America NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER 1,909,967 8. SHARED VOTING POWER 17,877,824 9. SOLE DISPOSITIVE POWER 1,909,967 10. SHARED DISPOSITIVE POWER [_] 19,230,700 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 21,140,667 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 36.2% 14. TYPE OF REPORTING PERSON* IN, HC CUSIP No. 790148100 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Fairholme Funds, Inc. 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [__] (b) [X] 3. SEC USE ONLY 4. SOURCE OF FUNDS* WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6. CITIZENSHIP OR PLACE OF ORGANIZATION Maryland NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 17,877,824 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER [_] 17,877,824 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 17,877,824 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 30.6% 14. TYPE OF REPORTING PERSON* IV CUSIP No. 790148100 Item 1. Security and Issuer. The name of the issuer is The St. Joe Company (the "Issuer"). The address of the Issuer's offices is 130 Richard Jackson Boulevard, Suite 200, Panama City Beach, Florida 32407. This Schedule 13D relates to the Issuer's Common Stock (the "Shares"). Item 2. Identity and Background. (a-c, f) This Schedule 13D is being filed jointly by Fairholme Capital Management, L.L.C., a Delaware limited liability company ("Fairholme"), The Fairholme Fund, a series of Fairholme Funds, Inc., a Maryland investment company (the "Fund") and Bruce R. Berkowitz, a United States citizen (col

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View this SC 13D/A filing on SEC EDGAR