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) 1,325

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

Sector Weighting

Basic Materials
Capital Goods 2.13%
Conglomerates 0%
Consumer Cyclical
Consumer/Non-Cyclical
Energy
Financial 36.04%
Healthcare 0%
Services 31.83%
Technology 11.54%
Transportation
Utilities

16 Positions as of 03/31/2014

Company Class ▲ Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
ROYAL BK SCOTLAND GROUP PLC ADR PFD SER P 1,352 New 57,380
ROYAL BK SCOTLAND GROUP PLC ADR PREF SHS R 2,741 New 115,305
CLEAR CHANNEL OUTDOOR HLDGS IN CL A 26,332 New 3,354,390
BARNES & NOBLE INC COM 46,852 46,852 New 2,115,229
CST BRANDS INC COM 99,660 New 3,000,000
ENGILITY HLDGS INC COM -3,766 Sold Out 0
GLOBAL EAGLE ENTMT INC COM 31,410 New 3,000,000
MICROSOFT CORP COM 152,840 152,840 New 3,420,000
NAVIENT CORP COM 145,067 -34,768 (19.33) 8,200,487
PENNEY J C INC COM 12,870 4,290 50 1,500,000
SLM CORP COM 69,376 -16,627 (19.33) 8,200,487
WELLS FARGO & CO NEW COM 142,046 New 2,770,000
WESCO AIRCRAFT HLDGS INC COM 28,231 -87,195 (75.54) 1,410,141
WESTERN UN CO COM 304,191 New 17,362,477
AMERICAN INTL GROUP INC COM NEW 261,926 New 4,745,040
SANOFI CONTGNT VAL RT -5,620 Sold Out 0