Fairholme Fund sells 377,800 JOE shares for $24.84 million
The Fairholme Fund sold 377,800 shares of The St. Joe Company across three open-market transactions between May 5 and May 7, 2026, for aggregate proceeds of approximately $24.84 million.
The sale reduced the fund’s direct position by 2.35%, modest relative to its remaining 15.7 million shares.
The fund holds approximately 75.5% of its June 2023 position, indicating ongoing capacity for future liquidity events.
The sale ranks in the upper decile by size among the Fairholme Fund’s 35 JOE sell transactions since June 2023.