(Article updated to reflect that Fairholme bought additional shares in the stock and not a fresh stake as originally reported.)
NEW YORK (
) -- Deep-value investor
, who runs
Fairholme Capital Management
, has a significant chunk of Florida-based real estate company
, setting his position at odds with famous hedge fund titan
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.
St. Joe plunged on Wednesday
after Einhorn disclosed he was short the stock.
--Written by Shanthi Venkataraman in New York
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