GuruFocus Updates 12 May 2010 Featured No Comment

By guruek. Fairholme’s Bruce Berkowitz has accumulated a large stake in American International Group (AIG). According to GuruFocus.com data, Berkowitz bought 15 million shares on April 12, 2010 and another 10.4 million shares on May 10, 2010. His 25.5 million shares represent a lion share of AIG total shares outstanding of 135 million shares. At today’s price of $41 dollars per share, Berkowitz’s stake in AIG worth more than $1 billion, making it the largest holdings in financials. Read more » »