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) 1,375

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

Sector Weighting

Basic Materials 6.42%
Capital Goods 6.98%
Conglomerates
Consumer Cyclical 5.01%
Consumer/Non-Cyclical
Energy 3.71%
Financial 10.84%
Healthcare 2.45%
Services 9.81%
Technology 35.69%
Transportation 4.32%
Utilities

43 Positions as of 03/31/2014

Company Class ▲ Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
ASHFORD HOSPITALITY TR INC 9% CUM PFD SER E 1,296 New 47,135
INGRAM MICRO INC CL A 97,132 -16,766 (14.72) 3,244,223
NEWS CORP NEW CL A 45,186 7,379 19.52 2,480,000
ROCK-TENN CO CL A 21,642 6,097 39.22 216,529
SONIC AUTOMOTIVE INC CL A 39,785 7,014 21.41 1,508,718
TRIPLE-S MGMT CORP CL B 33,664 7,542 28.87 1,868,158
AETNA INC NEW COM -15,487 Sold Out 0
AMERICAN AIRLS GROUP INC COM 5,206 5,206 New 121,300
AMERICAN RLTY CAP PPTYS INC COM -8,900 Sold Out 0
APPLE INC COM -10,213 Sold Out 0
ASSURED GUARANTY LTD COM -10,643 Sold Out 0
BABCOCK & WILCOX CO NEW COM 1,622 New 49,000
BLOCK H & R INC COM 10,527 -14,243 (57.5) 325,200
CAPITAL ONE FINL CORP COM 6,748 -8,701 (56.32) 82,000
CDW CORP COM 62,961 -3,544 (5.33) 2,013,147
CIGNA CORPORATION COM 39,790 11,505 40.68 413,105
ENPRO INDS INC COM 66,644 9,818 17.28 927,933
FEDEX CORP COM 59,430 -3,822 (6.04) 388,764
GENERAL MTRS CO COM 57,935 18,181 45.74 1,548,647
GROUP 1 AUTOMOTIVE INC COM 22,585 818 3.76 275,970