market folly

Per a Form 4 filed with the SEC, Bruce Berkowitz's Fairholme Capital has increased its position in Sears Holdings (SHLD). 

Fairholme was buying shares on May 27th, May 31st, and June 1st.  In total, Fairholme purchased 778,000 SHLD shares at prices ranging from $12.48 to $13.3.  After these buys, Fairholme owned over 27.23 million shares of Sears.

For more from this manager, be sure to check out Bruce Berkowitz's investment checklist.

Per Google Finance, Sears Holdings is "an integrated retailer. The Company is the parent company of Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co. (Sears). It operates through two segments: Kmart and Sears Domestic. It operates approximately 940 Kmart stores across over 50 states, Guam, Puerto Rico and the United States Virgin Islands. Kmart stores carry an array of products across various merchandise categories, including seasonal merchandise, toys, lawn and garden equipment, food and consumables and apparel, including products sold under labels, such as Jaclyn Smith, Joe Boxer and Alphaline and certain Sears brand products (such as Kenmore, Craftsman and DieHard) and services. Its Sears Domestic segment's operations consist of full-line stores, specialty stores, commercial sales and home services. Full-line stores offer an array of products and service offerings across various merchandise categories, including appliances, consumer electronics/connected solutions and tools. ."