13F filing recap · Q1 2018

What did Abrams Capital Management buy in Q1 2018?

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

Stock value

$3.19B

Positions

Estimated turnover

24.5%

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

AETAetna Inc.$233.22Mreported value+1.38M shares KMIKinder Morgan, Inc.$127.60Mreported value+8.47M shares

Increased positions

TWXTime Warner Inc$316.47Mreported value+365.5K shares+12.3%PCGPG&E Corp$171.83Mreported value+661.4K shares+20.3%UHALU-Haul Holding Company$169.80Mreported value+97.4K shares+24.7%QCPQuality Care Properties Inc$136.01Mreported value+1.92M shares

Reduced positions

BNEDBarnes & Noble Education, Inc.$42.13Mreported value-425.8K shares-6.5%

Exited positions

WFCWells Fargo & Company/mn$173.74Mprior reported value-2.86M shares-100.0%CLNSColony Northstar Inc$55.77Mprior reported value-4.89M shares-100.0%