The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8

Report for the Calendar Year or Quarter Ended: 06-30-2014
Check here if Amendment   Amendment Number:
This Amendment (Check only one.):   is a restatement.
  adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: FAIRHOLME CAPITAL MANAGEMENT LLC
Address: 4400 BISCAYNE BOULEVARD
9TH FLOOR
MIAMI , FL33137
Form 13F File Number: 028-06994

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name: Paul R. Thomson
Title: Chief Compliance Officer
Phone: 305-358-3000
Signature, Place, and Date of Signing:
/s/ Paul R. Thomson Miami , FL 08-14-2014
[Signature] [City, State] [Date]
Report Type (Check only one.):
X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
  13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
  13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 55
Form 13F Information Table Value Total: 9,941,488
(thousands)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
028-12444 FAIRHOLME FUNDS INC

List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
No. Form 13F File Number Name
1 028-12444 FAIRHOLME FUNDS INC


SEC FORM 13F-HR

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALTRIA GROUP INC COM 02209S103 2,600 62,000 SH SOLE 1 62,000 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 3,810,247 69,810,314 SH SOLE 1 67,387,881 0 2,422,433
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 651,406 24,488,935 SH SOLE 1 23,753,831 0 735,104
AT&T INC COM 00206R102 2,422 68,500 SH SOLE 1 68,500 0 0
BANK OF AMERICA CORPORATION COM 060505104 1,512,903 98,432,215 SH SOLE 1 88,894,915 0 9,537,300
BANK OF AMERICA CORPORATION *W EXP 01/16/201 060505146 83,890 12,158,028 SH SOLE 1 10,744,328 0 1,413,700
BANK OF AMERICA CORPORATION *W EXP 10/28/201 060505153 1,092 1,455,701 SH SOLE 1,455,701 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 570 3 SH SOLE 0 0 3
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 36,528 288,625 SH SOLE 144,000 0 144,625
CITIGROUP INC COM NEW 172967424 2,570 54,560 SH SOLE 0 0 54,560
DIAMOND OFFSHORE DRILLING IN COM 25271C102 2,432 49,000 SH SOLE 1 49,000 0 0
FEDERAL HOME LOAN MORTGAGE CORP COM 313400301 73,768 19,110,900 SH SOLE 1 18,035,700 0 1,075,200
FEDERAL HOME LOAN MORTGAGE CORP PFD 313400780 28,462 1,699,250 SH SOLE 1 1,699,250 0 0
FEDERAL HOME LOAN MORTGAGE CORP PFD 313400608 23,148 1,377,829 SH SOLE 1 1,377,829 0 0
FEDERAL HOME LOAN MORTGAGE CORP PFD 313400798 9,209 546,542 SH SOLE 1 546,542 0 0
FEDERAL HOME LOAN MORTGAGE CORP PFD 313400715 1,072 60,900 SH SOLE 60,900 0 0
FEDERAL HOME LOAN MORTGAGE CORP PFD 313400863 3,553 203,000 SH SOLE 1 203,000 0 0
FEDERAL HOME LOAN MORTGAGE CORP PFD 313400855 23,844 1,339,572 SH SOLE 1 1,339,572 0 0
FEDERAL HOME LOAN MORTGAGE CORP PFD 313400673 54,338 5,799,175 SH SOLE 1 5,799,175 0 0
FEDERAL HOME LOAN MORTGAGE CORP PFD 313400665 4,166 447,940 SH SOLE 1 447,940 0 0
FEDERAL HOME LOAN MORTGAGE CORP PFD 313400772 2,761 157,500 SH SOLE 157,500 0 0
FEDERAL HOME LOAN MORTGAGE CORP PFD 313400681 4,920 517,900 SH SOLE 1 517,900 0 0
FEDERAL HOME LOAN MORTGAGE CORP PFD 313400749 831 45,000 SH SOLE 45,000 0 0
FEDERAL HOME LOAN MORTGAGE CORP PFD 313400657 425 45,500 SH SOLE 45,500 0 0
FEDERAL HOME LOAN MORTGAGE CORP PFD 313400640 39,024 4,196,108 SH SOLE 1 4,196,108 0 0
FEDERAL HOME LOAN MORTGAGE CORP PFD 313400624 435,330 39,901,900 SH SOLE 1 39,901,900 0 0
FEDERAL HOME LOAN MORTGAGE CORP PFD 313400699 166 9,200 SH SOLE 9,200 0 0
FEDERAL HOME LOAN MORTGAGE CORP PFD 313400830 166 9,400 SH SOLE 9,400 0 0
FEDERAL HOME LOAN MORTGAGE CORP PFD 313400731 151 8,400 SH SOLE 8,400 0 0
FEDERAL NATIONAL MORTGAGE ASSOCIATION COM 313586109 80,723 20,645,300 SH SOLE 1 19,158,800 0 1,486,500
FEDERAL NATIONAL MORTGAGE ASSOCIATION PFD 313586802 4,681 269,500 SH SOLE 1 269,500 0 0
FEDERAL NATIONAL MORTGAGE ASSOCIATION PFD 313586786 31,948 3,672,127 SH SOLE 1 3,672,127 0 0
FEDERAL NATIONAL MORTGAGE ASSOCIATION PFD 313586778 14,410 1,580,000 SH SOLE 1 1,580,000 0 0
FEDERAL NATIONAL MORTGAGE ASSOCIATION PFD 313586794 117,287 6,339,843 SH SOLE 1 6,339,843 0 0
FEDERAL NATIONAL MORTGAGE ASSOCIATION PFD 313586760 14,025 1,500,000 SH SOLE 1 1,500,000 0 0
FEDERAL NATIONAL MORTGAGE ASSOCIATION PFD 313586752 610,891 59,023,319 SH SOLE 1 56,584,419 0 2,438,900
FEDERAL NATIONAL MORTGAGE ASSOCIATION PFD 313586877 78 4,400 SH SOLE 4,400 0 0
GENWORTH FINL INC COM CL A 37247d106 18,644 1,071,500 SH SOLE 1 1,063,700 0 7,800
HARTFORD FINL SVCS GROUP INC COM 416515104 1,862 52,000 SH SOLE 4,300 0 47,700
HARTFORD FINL SVCS GROUP INC *W EXP 06/26/201 416515120 15,133 553,900 SH SOLE 1 553,900 0 0
JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 14,561 753,300 SH SOLE 1 718,000 0 35,300
KKR & CO L P DEL COM UNITS 48248M102 2,469 101,500 SH SOLE 1 101,500 0 0
LANDS END INC NEW COM 51509F105 112,921 3,362,757 SH SOLE 1 2,752,549 0 610,208
LEUCADIA NATL CORP COM 527288104 412,057 15,715,357 SH SOLE 1 13,445,953 0 2,269,404
LINCOLN NATL CORP IND COM 534187109 2,284 44,400 SH SOLE 3,700 0 40,700
LINCOLN NATL CORP IND *W EXP 07/10/201 534187117 8,747 205,810 SH SOLE 1 205,810 0 0
MERCURY GENL CORP NEW COM 589400100 2,521 53,600 SH SOLE 1 53,600 0 0
OAKTREE CAP GROUP LLC UNIT CL A 674001201 2,400 48,000 SH SOLE 1 48,000 0 0
REYNOLDS AMERICAN INC COM 761713106 2,674 44,300 SH SOLE 1 44,300 0 0
SEARS HLDGS CORP COM 812350106 985,926 24,672,823 SH SOLE 1 20,266,773 0 4,406,050
ST JOE CO COM 790148100 631,602 24,836,898 SH SOLE 1 23,841,602 0 995,296
TRANSOCEAN LTD REG SHS H8817H100 2,544 56,500 SH SOLE 1 56,500 0 0
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 2,371 71,000 SH SOLE 1 71,000 0 0
WELLS FARGO & CO NEW COM 949746101 7,863 149,600 SH SOLE 120,000 0 29,600
WELLS FARGO & CO NEW *W EXP 10/28/201 949746119 28,872 1,346,665 SH SOLE 1 1,318,265 0 28,400