13F filing recap · Q1 2014

What did Abrams Capital Management buy in Q1 2014?

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

Stock value

$1.26B

Positions

Estimated turnover

26.8%

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

MSFTMicrosoft Corporation$140.19Mreported value+3.42M shares BKSBarnes & Noble Inc$44.21Mreported value+2.12M shares

Increased positions

JCPJ. C. Penney Company, Inc.$12.93Mreported value+500.0K shares+50.0%

Reduced positions

SLMSlm Corp$200.75Mreported value-1.97M shares-19.3%WAIRWesco Aircraft Holdings Inc$31.04Mreported value-4.36M shares-75.5%

Exited positions

SNYSanofi$3.96Mprior reported value-11.66M shares-100.0%EGLEngility Holdings Inc$3.42Mprior reported value-102.4K shares-100.0%