TRB ADVISORS LP Information

767 FIFTH AVENUE, NEW YORK, New York, 10153, (212) 256-8500

Report Date: 12/31/2013

Position Statistics

Total Positions 8
New Positions 2
Increased Positions 4
Decreased Positions 3
Positions with Activity 7
Sold Out Positions 3
Total Mkt Value (in $ millions) 328

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

Sector Weighting

Basic Materials
Capital Goods
Conglomerates 7.15%
Consumer Cyclical
Consumer/Non-Cyclical
Energy
Financial 38.7%
Healthcare 0%
Services
Technology
Transportation 52.08%
Utilities 2.06%

8 Positions as of 12/31/2013

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
UNION PAC CORP COM 170,631 33,178 24.14 900,000
VISA INC COM CL A 98,776 5,199 5.56 475,000
AMERICAN EXPRESS CO COM 28,022 28,022 New 325,000
AMERICAN RESIDENTIAL PPTYS INC COM 23,430 New 1,356,707
KINDER MORGAN INC DEL COM 6,754 6,754 New 200,000
AMERICAN INTL GROUP INC WT EXP 011921 -212 Sold Out 0
KINDER MORGAN INC DEL WT EXP 052517 -1,463 Sold Out 0
SANOFI CONTGNT VAL RT -717 Sold Out 0