LAKEWOOD CAPITAL MANAGEMENT, LP Information

650 MADISON AVENUE, 25TH FLOOR, NEW YORK, New York, 10022, (212) 584-2211

Report Date: 12/31/2015

Position Statistics

Total Positions 48
New Positions 5
Increased Positions 15
Decreased Positions 24
Positions with Activity 39
Sold Out Positions 9
Total Mkt Value (in $ millions) 2,329

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

Sector Weighting

Basic Materials 1.3%
Capital Goods 0.67%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical
Energy 1.73%
Financial 22.66%
Healthcare 11.5%
Services 18.69%
Technology 14.4%
Transportation 10.34%
Utilities

15 INCREASED Positions as of 12/31/2015

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
TIME WARNER CABLE INC COM 259,265 19,625 8.19 1,229,966
FEDEX CORP COM 191,337 17,394 10 1,155,000
HCA HOLDINGS INC COM 164,830 48,501 41.69 2,011,097
COMCAST CORP NEW CL A 151,239 17,122 12.77 2,473,249
CITIZENS FINL GROUP INC COM 125,152 31,258 33.29 5,385,200
WESTROCK CO COM 105,973 34,435 48.14 2,538,272
ALLERGAN PLC SHS 88,499 42,236 91.30 404,382
AMERICAN INTL GROUP INC COM NEW 72,336 837 1.17 1,295,640
QORVO INC COM 21,745 21,745 New 474,462
VEDANTA LTD SPONSORED ADR 6,317 1,622 34.56 1,037,282
COLONY CAP INC CONV PFD-C 5,455 726 15.35 241,073
ALPS ETF TR ALERIAN MLP 5,053 5,053 New 420,000
WISDOMTREE TR EUROPE HEDGED EQ 4,406 4,406 New 83,000
GAMESTOP CORP NEW CL A 3,290 3,290 New 100,000
NETFLIX INC COM 2,076 2,076 New 23,000