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) 1,334

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

Sector Weighting

Basic Materials
Capital Goods 2.07%
Conglomerates 0%
Consumer Cyclical
Consumer/Non-Cyclical
Energy
Financial 36.01%
Healthcare 0%
Services 31.93%
Technology 11.39%
Transportation
Utilities

16 Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) ▲ Change (%) Shares Held
WESCO AIRCRAFT HLDGS INC COM 27,611 -85,279 (75.54) 1,410,141
NAVIENT CORP COM 147,363 -35,319 (19.33) 8,200,487
SLM CORP COM 71,508 -17,138 (19.33) 8,200,487
SANOFI CONTGNT VAL RT -5,631 Sold Out 0
ENGILITY HLDGS INC COM -3,637 Sold Out 0
AMERICAN INTL GROUP INC COM NEW 261,784 New 4,745,040
CLEAR CHANNEL OUTDOOR HLDGS IN CL A 25,795 New 3,354,390
CST BRANDS INC COM 100,800 New 3,000,000
GLOBAL EAGLE ENTMT INC COM 31,830 New 3,000,000
ROYAL BK SCOTLAND GROUP PLC ADR PREF SHS R 2,710 New 115,305
ROYAL BK SCOTLAND GROUP PLC ADR PFD SER P 1,356 New 57,380
WELLS FARGO & CO NEW COM 142,904 New 2,770,000
WESTERN UN CO COM 307,489 New 17,362,477
PENNEY J C INC COM 13,590 4,530 50 1,500,000
BARNES & NOBLE INC COM 47,064 47,064 New 2,115,229
MICROSOFT CORP COM 151,848 151,848 New 3,420,000