Bruce Berkowitz buys Penn West Energy Trust, USG Corp., KAISER ALUMINUM CORPORATION, ONEOK PARTNERS, sells Wells Fargo & Co., International Assets Holding C, AutoNation Inc. during the 3-months ended 09/30/2006, according to the most recent filings of his investment company. For the 12 months ended Oct. 31, Fairholme Fund has enjoyed a nice gain of 20%, beating the S&P500 by 4%. The recent run up of Berkshire Hathaway contributed to a considerable portion of the gain.
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