Abrams Capital Management’s CST Brands, Inc. CST Stock Holding History

Abrams Capital Management’s Portfolio CST Stock Details CST Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q2	–	Sell	-794,686	Closed	-$34.8M	–	13
2015 Q1	$34.8M	Sell	794,686 -1,871,994	-70%	-$81.3M	2.59%	10
2014 Q4	$116M	Sell	2,666,680 -1,073,624	-29%	-$43.1M	6.02%	6
2014 Q3	$134M	Buy	3,740,304 +740,304	+25%	+$25.6M	7.95%	6
2014 Q2	$104M	Hold	3,000,000	–	–	7.31%	5
2014 Q1	$93.7M	Hold	3,000,000	–	–	7.42%	6
2013 Q4	$110M	Hold	3,000,000	–	–	8.68%	6
2013 Q3	$89.4M	Buy	3,000,000 +1,000,000	+50%	+$31.3M	7%	5
2013 Q2	$61.6M	Buy	+2,000,000	New	+$63.6M	3.56%	9

Other funds holding CST

IAM

Iridian Asset Management Westport, Connecticut $247M AUM 20.65% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

PCM

Pennant Capital Management Summit, New Jersey $212M AUM 19.37% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

Advisory Research Chicago, Illinois $813M AUM 36.71% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

American Century Companies Kansas City, Missouri $194B AUM 35% 1-Year Est. Return

Abrams Capital Management's CST Position: Q2 2015 in Review

Abrams Capital Management sold out of CST Brands, Inc. (CST) in Q2 2015, closing a stake of 794,686 shares — an estimated $34.8M sold.

Abrams Capital Management first reported a position in CST in Q2 2013 and held it in 8 quarters. The position peaked at $134M in Q3 2014. 294 funds tracked by Wall St. Rank hold CST as of Q2 2015.

Abrams Capital Management reported no remaining CST Brands, Inc. position as of Q2 2015 after selling out during the quarter.
Abrams Capital Management sold 794,686 CST Brands, Inc. shares in Q2 2015, an estimated $34.8M.
Abrams Capital Management first reported a position in CST Brands, Inc. in Q2 2013 and held it in 8 quarters.
Abrams Capital Management's CST Brands, Inc. position peaked at $134M in Q3 2014.
294 funds tracked by Wall St. Rank held CST Brands, Inc. as of Q2 2015.

Based on Abrams Capital Management's 13F filing for Q2 2015, filed 13 Aug 2015.