Latest news with #Berkowitz
Business Journals
27-05-2025
- Business
- Business Journals
Berkowitz Pollack Brant founder talks leadership, AI in accounting
Story Highlights Richard Berkowitz built a top accounting firm focused on culture. Podcast discusses leadership, legacy, and future of advisory services. AI's impact on accounting and communication skills are addressed. What happens when you build a firm not just on financials, but on culture, mentorship and meaningful relationships? In this episode of the Florida Business Minds podcast, Richard Berkowitz, founder and executive chairman of Berkowitz Pollack Brant Advisors + CPAs, chats with SFBJ Editor-in-Chief Mel Meléndez about how his solo start in 1980 ultimately led to building one of the Top 60 accounting firms in the nation. GET TO KNOW YOUR CITY Find Local Events Near You Connect with a community of local professionals. Explore All Events From surviving a tumultuous merger in the 1980s, to identifying and coaching his CEO successor, Berkowitz opens up about the career lessons that helped shape his leadership, his undying commitment to the firm and philanthropy, and why he's now proud to be the firm's unofficial chief culture officer. Listen to the podcast where Berkowitz shares his insights on leadership, legacy and the future of advisory services, as well as: • The ramifications of private equity's "takeover" of the CPA industry. • How AI is reshaping accounting – and why it's both thrilling and troubling. • Why young professionals need to ditch the DMs and master face-to-face communication skills if they expect to be successful in business. Sponsored by TECO Peoples Gas, the Florida Business Minds audio series features candid conversations with business leaders from the South Florida, Tampa Bay, Orlando and Jacksonville regions. Find more Florida Business Minds podcasts here. Sign up here for the Business Journal's free morning and afternoon daily newsletters to receive the latest business news impacting the First Coast, and download our free app to get breaking news alerts on your phone.
Yahoo
15-05-2025
- Business
- Yahoo
Bruce Berkowitz's Strategic Moves: The St. Joe Co Sees a -1.56% Portfolio Impact
Bruce Berkowitz (Trades, Portfolio) recently submitted the N-PORT filing for the first quarter of 2025, providing insights into his investment moves during this period. Bruce Berkowitz (Trades, Portfolio) is the founder and the Managing Member of the Fairholme Fund (Trades, Portfolio). Prior to forming Fairholme Capital Management, Mr. Berkowitz was a Managing Director of Smith Barney, Inc. from December of 1993 to October of 1997. Bruce Berkowitz (Trades, Portfolio) concentrates his investments in a relatively small number of companies. He thinks that the more diversified the portfolio, the more likely the performance will be average. He likes companies with great managers, and deeply undervalued stocks. Benjamin Graham's "The Intelligent Investor" serves as the inspiration for Berkowitz' investment strategy. He focuses investments on companies that have exceptional management, that generate free cash, and that are cheaply priced. Berkowitz will also invest in mediocre companies that are trading at a significant discount to intrinsic value where there exists a catalyst event that makes it likely the gap between market price and intrinsic value will narrow in a reasonable amount of time. Warning! GuruFocus has detected 7 Warning Signs with JOE. Bruce Berkowitz (Trades, Portfolio) added a total of 2 stocks, among them: The most significant addition was Diamondback Energy Inc (NASDAQ:FANG), with 4,000 shares, accounting for 0.05% of the portfolio and a total value of $639,520. The second largest addition to the portfolio was Core Natural Resources Inc (NYSE:CNR), consisting of 5,000 shares, representing approximately 0.03% of the portfolio, with a total value of $385,500. Bruce Berkowitz (Trades, Portfolio) also increased stakes in a total of 2 stocks, among them: The most notable increase was Occidental Petroleum Corp (NYSE:OXY), with an additional 45,300 shares, bringing the total to 54,300 shares. This adjustment represents a significant 503.33% increase in share count, a 0.18% impact on the current portfolio, with a total value of $2,680,250. The second largest increase was Enterprise Products Partners LP (NYSE:EPD), with an additional 1,500 shares, bringing the total to 5,450,400. This adjustment represents a significant 0.03% increase in share count, with a total value of $186,076,660. Bruce Berkowitz (Trades, Portfolio) also reduced positions in 3 stocks. The most significant changes include: Reduced The St. Joe Co (NYSE:JOE) by 410,600 shares, resulting in a -1.99% decrease in shares and a -1.56% impact on the portfolio. The stock traded at an average price of $46.79 during the quarter and has returned -2.87% over the past 3 months and 3.36% year-to-date. Reduced Energy Transfer LP (NYSE:ET) by 686,300 shares, resulting in a -80.47% reduction in shares and a -1.13% impact on the portfolio. The stock traded at an average price of $19.48 during the quarter and has returned -8.38% over the past 3 months and -4.99% year-to-date. At the first quarter of 2025, Bruce Berkowitz (Trades, Portfolio)'s portfolio included 12 stocks, with top holdings including 78.07% in The St. Joe Co (NYSE:JOE), 15.31% in Enterprise Products Partners LP (NYSE:EPD), 2.26% in Bank OZK (NASDAQ:OZK), 2.14% in Berkshire Hathaway Inc (NYSE:BRK.B), and 1.53% in WR Berkley Corp (NYSE:WRB). The holdings are mainly concentrated in 4 of the 11 industries: Real Estate, Energy, Financial Services, and Technology. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
11-05-2025
- Business
- Yahoo
EOG Resources, Inc. (EOG): Among Billionaire Bruce Berkowitz's Stock Picks with Highest Upside Potential
We recently published a list of . In this article, we are going to take a look at where EOG Resources, Inc. (NYSE:EOG) stands against Billionaire Bruce Berkowitz's other stock picks with highest upside potential. One of the most prominent hedge fund managers on Wall Street and founder of , billionaire Bruce Berkowitz's track record and unique investing approach make his portfolio choices well worth a closer look. Berkowitz is renowned for his bold bets on unloved assets, his high-conviction investment style, and his rare ability to spot dollar bills being sold for pennies- and the guts to hold them until the market catches up. His ability to focus on facts and ignore the market chatter has helped him deliver strong results and earned him strong accolades in the industry. Named Morningstar's Domestic-Stock Fund Manager in 2009 and Institutional Investor Magazine's Money Manager of the Year in 2013, his honors underscore his reputation as a value investor worth following. READ ALSO: and . Berkowitz has always believed in owning a handful of stocks. These stocks, however, are those in which he believes deeply. After all, high-conviction investing is the name of the game. 'You only need a few ideas in a lifetime to do unbelievably well.' He is also a staunch believer in reality. Hated assets usually have hidden value, and the trick, he believes, is to look at the facts instead of reacting to trauma like others do. 'Ignore the crowd. Count what matters.' In an interview with Bill Brewster from the Business Brew, Bruce Berkowitz talked about how he started Fairholme with a simple mission: managing his family's money. From the very beginning, Fairholme wasn't a marketing organization. Rather, the fund's unique approach was vested in value creation rather than asset gathering. Focusing solely on deep research and concentrated positions, Berkowitz often ran portfolios with only a few ideas. Over the years, Berkowitz learned how financial metrics, on which he relied with much conviction in the early years, weren't the only factors to consider. Rather, management quality and ownership culture were equally important. This shift in perspective has made him more selective as he strongly believes that the right leadership can make or break an organization, particularly during tough times. That said, Berkowitz highlighted in the interview how he now avoids doing business with executives he doesn't trust, regardless of how shiny the financials may seem. Moreover, Berkowitz's investments are almost entirely US-focused. The sole reason for this strategy has been his commitment to deep understanding and control. According to him, sound investing requires a good grasp of the company's regulatory environment, tax structure, supply chain, and other related factors. Building that level of expertise made him limit his universe to the US, where he is comfortably focused on a few three to six positions where he tries to fully understand the industry, the competitors, the suppliers, and more. According to him, the US is a sound market to operate in, especially for a value investor dreaming of capital appreciation and preservation. 'His aptitude for picking stocks sets him apart from his peers, and Fairholme's portfolio is filled with attractively priced firms that generate high free cash flow. Berkowitz's strategy has led to a stellar long-term record, and his large cash stakes have helped limit volatility.' For this list, we picked stocks from Fairholme Capital Management's 13F portfolio as of the end of the fourth quarter of 2024. We listed them in the ascending order of analysts' average upside potential, as of May 9. These equities are also popular among other hedge funds. The hedge fund data is as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). An oil rig in action in a vast desert, drilling for natural Resources, Inc (NYSE:EOG) is engaged in the exploration, development, production, and marketing of crude oil, natural gas liquids, and natural gas in producing basins in the United States and internationally. On May 2nd, Gabriele Sorbara from Siebert Williams Shank & Co reiterated a 'Buy' rating on the stock with the associated price target lowered to $139.00. EOG Resources (NYSE:EOG) delivered a strong first-quarter 2025 performance, with solid results in production, cash flow, and earnings. The company posted adjusted net income of $1.6 billion, translating to $2.87 per share. It also generated $1.3 billion in free cash flow, showcasing its strong operational efficiency. The company's oil production of 502,100 barrels per day surpassed guidance, and it also announced a new oil discovery in Trinidad. EOG Resources (NYSE:EOG) also announced a more efficient 2025 plan, comprising a reduction in capital expenditures by 4.8% while maintaining almost the same level of oil production. This strategic move is anticipated to enhance free cash flow generation and shareholder returns. Moreover, significant acquisitions and discoveries, such as the Eagle Ford bolt-on and the Beryl Oil Discovery in Trinidad, are quite likely to contribute positively to its future performance. The stock's appeal is further strengthened by its commitment to returning nearly 100% of its free cash flow to shareholders through dividends and buybacks. The firm believes that EOG Resources is well-positioned for continued outperformance. Overall, EOG ranks 2nd on our list of Billionaire Bruce Berkowitz's stock picks with highest upside potential. While we acknowledge the potential of EOG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than EOG but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at .
Yahoo
11-05-2025
- Business
- Yahoo
Occidental Petroleum Corporation (OXY): Among Billionaire Bruce Berkowitz's Stock Picks with Highest Upside Potential
We recently published a list of . In this article, we are going to take a look at where Occidental Petroleum Corporation (NYSE:OXY) stands against Billionaire Bruce Berkowitz's other stock picks with highest upside potential. One of the most prominent hedge fund managers on Wall Street and founder of , billionaire Bruce Berkowitz's track record and unique investing approach make his portfolio choices well worth a closer look. Berkowitz is renowned for his bold bets on unloved assets, his high-conviction investment style, and his rare ability to spot dollar bills being sold for pennies- and the guts to hold them until the market catches up. His ability to focus on facts and ignore the market chatter has helped him deliver strong results and earned him strong accolades in the industry. Named Morningstar's Domestic-Stock Fund Manager in 2009 and Institutional Investor Magazine's Money Manager of the Year in 2013, his honors underscore his reputation as a value investor worth following. READ ALSO: and . Berkowitz has always believed in owning a handful of stocks. These stocks, however, are those in which he believes deeply. After all, high-conviction investing is the name of the game. 'You only need a few ideas in a lifetime to do unbelievably well.' He is also a staunch believer in reality. Hated assets usually have hidden value, and the trick, he believes, is to look at the facts instead of reacting to trauma like others do. 'Ignore the crowd. Count what matters.' In an interview with Bill Brewster from the Business Brew, Bruce Berkowitz talked about how he started Fairholme with a simple mission: managing his family's money. From the very beginning, Fairholme wasn't a marketing organization. Rather, the fund's unique approach was vested in value creation rather than asset gathering. Focusing solely on deep research and concentrated positions, Berkowitz often ran portfolios with only a few ideas. Over the years, Berkowitz learned how financial metrics, on which he relied with much conviction in the early years, weren't the only factors to consider. Rather, management quality and ownership culture were equally important. This shift in perspective has made him more selective as he strongly believes that the right leadership can make or break an organization, particularly during tough times. That said, Berkowitz highlighted in the interview how he now avoids doing business with executives he doesn't trust, regardless of how shiny the financials may seem. Moreover, Berkowitz's investments are almost entirely US-focused. The sole reason for this strategy has been his commitment to deep understanding and control. According to him, sound investing requires a good grasp of the company's regulatory environment, tax structure, supply chain, and other related factors. Building that level of expertise made him limit his universe to the US, where he is comfortably focused on a few three to six positions where he tries to fully understand the industry, the competitors, the suppliers, and more. According to him, the US is a sound market to operate in, especially for a value investor dreaming of capital appreciation and preservation. 'His aptitude for picking stocks sets him apart from his peers, and Fairholme's portfolio is filled with attractively priced firms that generate high free cash flow. Berkowitz's strategy has led to a stellar long-term record, and his large cash stakes have helped limit volatility.' For this list, we picked stocks from Fairholme Capital Management's 13F portfolio as of the end of the fourth quarter of 2024. We listed them in the ascending order of analysts' average upside potential, as of May 9. These equities are also popular among other hedge funds. The hedge fund data is as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Oil derricks in the background with a few workers in the foreground, emphasizing the company's oil and gas production Petroleum Corporation (NYSE:OXY) is engaged in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. Occidental is one of Billionaire Bruce Berkowitz's top stock picks with the highest upside potential. Even though the stock is down 18.25% year-to-date, analysts believe it has an upside potential of 15%. On May 8, J.P. Morgan analyst Arun Jayaram maintained their neutral stance on the stock, giving a Hold rating. Occidental Petroleum delivered strong financial performance in the first quarter of 2025, characterized by significant debt reduction and better-than-expected free cash flow. There have also been positive developments in Oman operations, which have further contributed to the company's financial success. Despite these positives, the firm is skeptical that, due to potential risks associated with U.S. operating costs and production volumes, particularly in the Gulf of Mexico, it may not be able to meet its full-year guidance. The firm also pointed to second-quarter guidance, which was slightly below expectations, with lower production volumes anticipated. This has the potential to impact overall performance. Even though Occidental's cost reduction initiatives are promising, the need for increased production in the latter half of 2025 is a challenge in itself. Together, these positive and negative factors have led to a hold rating. Overall, OXY ranks 5th on our list of Billionaire Bruce Berkowitz's stock picks with highest upside potential. While we acknowledge the potential of OXY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than OXY but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
09-05-2025
- Business
- Yahoo
Apple Inc. (AAPL): Among Billionaire Bruce Berkowitz's Stock Picks with Highest Upside Potential
We recently published a list of . In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against other billionaire Bruce Berkowitz's stock picks with highest upside potential. One of the most prominent hedge fund managers on Wall Street and founder of , billionaire Bruce Berkowitz's track record and unique investing approach make his portfolio choices well worth a closer look. Berkowitz is renowned for his bold bets on unloved assets, his high-conviction investment style, and his rare ability to spot dollar bills being sold for pennies- and the guts to hold them until the market catches up. His ability to focus on facts and ignore the market chatter has helped him deliver strong results and earned him strong accolades in the industry. Named Morningstar's Domestic-Stock Fund Manager in 2009 and Institutional Investor Magazine's Money Manager of the Year in 2013, his honors underscore his reputation as a value investor worth following. READ NEXT: and Berkowitz has always believed in owning a handful of stocks. These stocks, however, are those in which he believes deeply. After all, high-conviction investing is the name of the game. 'You only need a few ideas in a lifetime to do unbelievably well.' He is also a staunch believer in reality. Hated assets usually have hidden value, and the trick, he believes, is to look at the facts instead of reacting to trauma like others do. 'Ignore the crowd. Count what matters.' In an interview with Bill Brewster from the Business Brew, Bruce Berkowitz talked about how he started Fairholme with a simple mission: managing his family's money. From the very beginning, Fairholme wasn't a marketing organization. Rather, the fund's unique approach was vested in value creation rather than asset gathering. Focusing solely on deep research and concentrated positions, Berkowitz often ran portfolios with only a few ideas. Over the years, Berkowitz learned how financial metrics, on which he relied with much conviction in the early years, weren't the only factors to consider. Rather, management quality and ownership culture were equally important. This shift in perspective has made him more selective as he strongly believes that the right leadership can make or break an organization, particularly during tough times. That said, Berkowitz highlighted in the interview how he now avoids doing business with executives he doesn't trust, regardless of how shiny the financials may seem. Moreover, Berkowitz's investments are almost entirely US-focused. The sole reason for this strategy has been his commitment to deep understanding and control. According to him, sound investing requires a good grasp of the company's regulatory environment, tax structure, supply chain, and other related factors. Building that level of expertise made him limit his universe to the US, where he is comfortably focused on a few three to six positions where he tries to fully understand the industry, the competitors, the suppliers, and more. According to him, the US is a sound market to operate in, especially for a value investor dreaming of capital appreciation and preservation. 'His aptitude for picking stocks sets him apart from his peers, and Fairholme's portfolio is filled with attractively priced firms that generate high free cash flow. Berkowitz's strategy has led to a stellar long-term record, and his large cash stakes have helped limit volatility.' For this list, we picked stocks from Fairholme Capital Management's 13F portfolio as of the end of the fourth quarter of 2024. We listed them in the ascending order of analysts' average upside potential, as of May 9. These equities are also popular among other hedge funds. The hedge fund data is as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A wide view of an Apple store, showing the range of products the company Inc. (NASDAQ:AAPL) is a technology company. Like many other stocks, Apple has also been facing tariffs and overall macroeconomic uncertainty. The company recently reported fiscal second quarter earnings that beat Wall Street expectations, with sales up 5.1% year on year to $95.36 billion, while non-GAAP profit of $1.65 per share was 1.7% above analysts' consensus estimates. Despite earnings beating consensus estimates, Apple's services revenue of $26.65 billion for the quarter came in below the expected $26.70 billion. According to CEO Tim Cook, Apple saw 'limited impact' from tariffs in its March quarter because of supply chain optimization. However, he estimated that tariffs would add $900 million in costs for the current quarter, but that he remained 'confident' looking ahead. On May 5th, Morgan Stanley reiterated the stock as 'Overweight' and said that it remains range-bound for now. It also said that it believes Apple's efforts to diversify production outside of China are working. 'The fact that Apple only faces $900M of tariff costs in the June Q, despite being over-indexed to China, shows SE Asia production diversification is working. That said, mgmt wasn't able to provide any segment-level guidance for the June Q (not even Services, which they effectively always do), couldn't commit to how much Product would come from India/Vietnam in the September quarter and beyond (leaving the tariff cost impact open-ended), didn't address pricing or other tariff mitigation tools, and didn't provide an updated timeline for the new Siri introduction.' Overall, AAPL ranks 4th on our list of billionaire Bruce Berkowitz's stock picks with highest upside potential. While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AAPL but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
