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(Article updated to reflect that Fairholme bought additional shares in the stock and not a fresh stake as originally reported.)



) -- Deep-value investor

Bruce Berkowitz

, who runs

Fairholme Capital Management

, has a significant chunk of Florida-based real estate company

St. Joe

(JOE) - Get St. Joe Company Report

, setting his position at odds with famous hedge fund titan

David Einhorn


In a 13D filing with the

Securities and Exchange Commission

, the fund disclosed that it had acquired approximately 92,000 shares of St. Joe, taking the fund's total holding to a massive 29% stake in the company.

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St. Joe plunged on Wednesday

after Einhorn disclosed he was short the stock.

Think you can pick stocks better than Buffett, Paulson, Soros, Icahn, or Pickens? Prove it and win! >>

--Written by Shanthi Venkataraman in New York

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Shanthi Venkataraman


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