WESTCHESTER CAPITAL MANAGEMENT, LLC Information

100 SUMMIT LAKE DRIVE, VALHALLA, New York, 10595, (914) 741-5600

Report Date: 12/31/2013

Position Statistics

Total Positions 93
New Positions 32
Increased Positions 53
Decreased Positions 28
Positions with Activity 81
Sold Out Positions 9
Total Mkt Value (in $ millions) 3,391

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

Sector Weighting

Basic Materials 12.73%
Capital Goods 5.02%
Conglomerates
Consumer Cyclical 3.35%
Consumer/Non-Cyclical
Energy 26.55%
Financial 12.1%
Healthcare 4.54%
Services 29.7%
Technology 3.95%
Transportation 0.1%
Utilities 0.36%

93 Positions as of 12/31/2013

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
OMNICOM GROUP INC COM 202,406 202,406 New 2,844,385
LAMAR ADVERTISING CO CL A 153,845 57,890 60.33 2,959,700
AMERICAN INTL GROUP INC COM NEW 145,264 29,674 25.67 2,858,400
HUNTSMAN CORP COM 129,345 37,704 41.14 5,190,400
T-MOBILE US INC COM 127,993 60,846 90.62 4,210,300
HESS CORP COM 117,038 -47,615 (28.92) 1,341,100
GENERAL MTRS CO COM 113,571 2,565 2.31 3,342,300
ANADARKO PETE CORP COM 100,415 24,126 31.63 1,014,700
HUDSON CITY BANCORP COM 100,327 -5,693 (5.37) 10,133,996
TIME WARNER CABLE INC COM 94,812 94,812 New 700,600
NATIONAL OILWELL VARCO INC COM 91,513 69,603 317.67 1,111,000
OIL STS INTL INC COM 88,651 88,651 New 919,900
EQUINIX INC COM NEW 80,411 9,342 13.15 449,300
WILLIAMS COS INC DEL COM 79,556 11,701 17.25 1,903,700
NOBLE CORP PLC SHS USD 76,489 17,011 28.60 2,519,400
QEP RES INC COM 75,913 75,913 New 2,348,800
DU PONT E I DE NEMOURS & CO COM 70,885 70,885 New 1,058,300
ASHLAND INC NEW COM 68,158 23,445 52.44 704,400
OCCIDENTAL PETE CORP DEL COM 67,552 10,781 18.99 699,300
SLM CORP COM 66,715 11,140 20.04 2,572,900