Overview of the transactions
Fairholme Funds Inc., alongside Bruce R. Berkowitz - identified as a 10% owner - reported the sale of ST JOE Co common shares over a three-day span. The aggregate proceeds from those sales amounted to $1.14 million. The trades took place on February 18, February 19 and February 20, 2026, with execution prices ranging from $71.01 to $71.51 per share.
Transaction breakdown
- February 18 - 11,100 shares sold at $71.27 per share.
- February 19 - 3,900 shares sold at $71.01 per share.
- February 20 - 1,000 shares sold at $71.51 per share.
Post-sale holdings
Following these sales, Fairholme Funds Inc. directly retains 606,866 shares of ST JOE Co common stock. In addition, the Fairholme Fund holds 16,135,124 shares.
Market context and valuation note
The timing of the sales coincides with ST JOE’s share price trading close to its 52-week high of $71.90 - roughly 1% below that peak - and after a year in which the stock has produced a 52.77% return. The platform’s Fair Value analysis indicates the stock is currently overvalued, a point noted as a potential influence on the decision to sell.
Research and tools referenced
The platform referenced in the report offers a Fair Value calculator that combines multiple valuation models and maintains lists such as Most Overvalued stocks. It also publishes detailed Pro Research Reports, including one on JOE, and coverage spanning more than 1,400 U.S. equities.
What the report does and does not say
The disclosed filing records the size, timing and prices of the transactions and the resulting holdings. It does not provide additional commentary from the fund or the named owner explaining motives for the sales. The report also cites valuation metrics and recent performance figures from the referenced platform but does not attribute any specific decision-making rationale beyond the factual record of the trades and the platform’s valuation assessment.
End of report.