GRANDMASTER CAPITAL MANAGEMENT LLC Information

456 MONTGOMERY STREET, SUITE 1350, SAN FRANCISCO, California, 94104, (415) 230-2054

Report Date: 06/30/2014

Position Statistics

Total Positions 23
New Positions 3
Increased Positions 16
Decreased Positions 7
Positions with Activity 23
Sold Out Positions 3
Total Mkt Value (in $ millions) 259

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

Sector Weighting

Basic Materials
Capital Goods 6.43%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 1.54%
Energy
Financial 25.58%
Healthcare
Services 46.97%
Technology 16.05%
Transportation
Utilities

23 Positions as of 06/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
MICROSOFT CORP COM 28,406 4,273 17.71 603,619
WELLS FARGO & CO NEW COM 22,816 -1,158 (4.83) 431,308
AMERICAN EXPRESS CO COM 22,517 2,342 11.61 253,025
HOWARD HUGHES CORP COM 21,476 112 .53 142,119
MARRIOTT INTL INC NEW CL A 17,789 -2,840 (13.77) 248,410
CBS CORP (CLASS B) CL B 16,943 2,370 16.26 310,195
NVR INC COM 16,679 90 .54 14,488
TWENTY FIRST CENTY FOX INC CL A 15,671 84 .54 453,958
DISCOVERY COMMUNICATNS NEW COM SER C 14,054 3,209 29.59 364,366
INTUIT COM 13,244 71 .54 154,864
DOLLAR GEN CORP NEW COM 13,089 -886 (6.34) 211,215
WELLPOINT INC COM 11,323 11,323 New 92,950
CBS OUTDOOR AMERS INC COM 8,917 5,143 136.28 295,256
VAIL RESORTS INC COM 8,547 8,547 New 97,282
DISCOVERY COMMUNICATNS NEW COM SER A 7,169 1,637 29.59 182,183
CABELAS INC COM 6,770 2,088 44.60 112,475
VISA INC COM CL A 5,387 2,214 69.75 25,188
MASTERCARD INC CL A 4,316 1,123 35.15 56,675
ENNIS INC COM 3,987 3,987 New 300,000
KRISPY KREME DOUGHNUTS INC COM 354 -2 (0.59) 20,561