ABRAMS CAPITAL MANAGEMENT, L.P. Information

222 BERKELEY STREET, 21ST FLOOR, BOSTON, Massachusetts, 02116, (617) 646-6100

Report Date: 03/31/2014

Position Statistics

Total Positions 16
New Positions 2
Increased Positions 3
Decreased Positions 5
Positions with Activity 8
Sold Out Positions 2
Total Mkt Value (in $ millions) 1,297

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials
Capital Goods 2.06%
Conglomerates 0%
Consumer Cyclical
Consumer/Non-Cyclical
Energy
Financial 35.79%
Healthcare 0%
Services 32.17%
Technology 11.38%
Transportation
Utilities

8 Activity Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
MICROSOFT CORP COM 147,607 147,607 New 3,420,000
NAVIENT CORP COM 141,048 -33,805 (19.33) 8,200,487
SLM CORP COM 72,656 -17,414 (19.33) 8,200,487
BARNES & NOBLE INC COM 44,039 44,039 New 2,115,229
WESCO AIRCRAFT HLDGS INC COM 26,722 -82,535 (75.54) 1,410,141
PENNEY J C INC COM 14,070 4,690 50 1,500,000
ENGILITY HLDGS INC COM -3,540 Sold Out 0
SANOFI CONTGNT VAL RT -5,246 Sold Out 0