13F filing recap · Q4 2011

What did Abrams Capital Management buy in Q4 2011?

Reported stock-position changes between this filing and the previous one.

Stock value

$1.30B

Positions

Estimated turnover

26.7%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

CWHEquity Commonwealth$14.69Mreported value+882.8K shares SXCSuncoke Energy, Inc.$186.0Kreported value+16.6K shares

Increased positions

LAMRLamar Advertising Co/new$255.92Mreported value+513.6K shares+5.8%HRBH&R Block, Inc.$207.12Mreported value+1.05M shares+9.1%SLMSlm Corp$166.99Mreported value+1.00M shares+8.7%TEVATeva Pharmaceutical Industries Limited$95.05Mreported value+184.0K shares

Reduced positions

QRTEALiberty Ventures Series A$32.10Mreported value-6.10M shares-75.5%PMTPennymac Mortgage Investment Trust$9.20Mreported value-590.1K shares-51.6%

Exited positions

CEPHCephalon Inc$75.05Mprior reported value-930.0K shares-100.0%SAFTSafety Insurance Group Inc$3.02Mprior reported value-79.8K shares-100.0%