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) 1,321

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

Sector Weighting

Basic Materials
Capital Goods 2.03%
Conglomerates 0%
Consumer Cyclical
Consumer/Non-Cyclical
Energy
Financial 35.89%
Healthcare 0%
Services 32.01%
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
AMERICAN INTL GROUP INC COM NEW 255,995 New 4,745,040
BARNES & NOBLE INC COM 46,450 46,450 New 2,115,229
CLEAR CHANNEL OUTDOOR HLDGS IN CL A 26,030 New 3,354,390
CST BRANDS INC COM 99,240 New 3,000,000
ENGILITY HLDGS INC COM -3,555 Sold Out 0
GLOBAL EAGLE ENTMT INC COM 31,350 New 3,000,000
MICROSOFT CORP COM 150,377 150,377 New 3,420,000
NAVIENT CORP COM 147,527 -35,358 (19.33) 8,200,487
PENNEY J C INC COM 13,830 4,610 50 1,500,000
ROYAL BK SCOTLAND GROUP PLC ADR PREF SHS R 2,749 New 115,305
ROYAL BK SCOTLAND GROUP PLC ADR PFD SER P 1,377 New 57,380
SANOFI CONTGNT VAL RT -5,585 Sold Out 0
SLM CORP COM 71,016 -17,021 (19.33) 8,200,487
WELLS FARGO & CO NEW COM 142,932 New 2,770,000
WESCO AIRCRAFT HLDGS INC COM 26,849 -82,927 (75.54) 1,410,141
WESTERN UN CO COM 305,059 New 17,362,477