LAKEWOOD CAPITAL MANAGEMENT, LP Information

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

Report Date: 03/31/2014

Position Statistics

Total Positions 43
New Positions 3
Increased Positions 20
Decreased Positions 18
Positions with Activity 38
Sold Out Positions 9
Total Mkt Value (in $ millions) 1,342

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

Sector Weighting

Basic Materials 6.57%
Capital Goods 6.98%
Conglomerates
Consumer Cyclical 4.77%
Consumer/Non-Cyclical
Energy 3.68%
Financial 10.75%
Healthcare 2.46%
Services 9.44%
Technology 36.07%
Transportation 4.33%
Utilities

43 Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) ▲ Shares Held
AETNA INC NEW COM -14,590 Sold Out 0
AMERICAN RLTY CAP PPTYS INC COM -9,044 Sold Out 0
APPLE INC COM -10,615 Sold Out 0
ASSURED GUARANTY LTD COM -10,321 Sold Out 0
NABORS INDUSTRIES LTD SHS -8,263 Sold Out 0
SPIRIT RLTY CAP INC NEW COM -23,289 Sold Out 0
TW TELECOM INC COM -14,202 Sold Out 0
VARIAN MED SYS INC COM -10,387 Sold Out 0
VERIZON COMMUNICATIONS INC COM -5,263 Sold Out 0
BLOCK H & R INC COM 10,549 -14,274 (57.5) 325,200
CAPITAL ONE FINL CORP COM 6,688 -8,623 (56.32) 82,000
MCDERMOTT INTL INC COM 11,724 -9,828 (45.6) 1,550,804
MERITOR INC COM 10,817 -3,148 (22.54) 859,200
QUALCOMM INC COM 47,601 -8,516 (15.18) 626,000
INGRAM MICRO INC CL A 94,439 -16,302 (14.72) 3,244,223
ORACLE CORP COM 120,727 -14,746 (10.89) 2,947,437
FEDEX CORP COM 58,066 -3,734 (6.04) 388,764
CDW CORP COM 62,971 -3,545 (5.33) 2,013,147
AMERICAN AIRLS GROUP INC COM 4,797 4,797 New 121,300
ASHFORD HOSPITALITY TR INC 9% CUM PFD SER E 1,285 New 47,135