13F filing recap · Q1 2014

What did Makaira Partners buy in Q1 2014?

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

Stock value

$558.03M

Positions

Estimated turnover

8.1%

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

VMIValmont Industries Inc$14.88Mreported value+100.0K shares

Increased positions

CVACovanta Holding Corp$60.75Mreported value+10.7K shares+0.3%VRSNVeriSign Inc/ca$59.78Mreported value+300.0K shares+37.1%

Reduced positions

CPLACapella Education Co$29.99Mreported value-208.2K shares-30.5%