Lakewood Capital Management’s INTELSAT S. A. I Stock Holding History

Lakewood Capital Management’s Portfolio I Stock Details I Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-171,231	Closed	-$1.1M	–	53
2015 Q3	$1.1M	Sell	171,231 -1,705,635	-91%	-$15.6M	0.04%	51
2015 Q2	$18.6M	Sell	1,876,866 -764,761	-29%	-$8.61M	0.77%	35
2015 Q1	$31.7M	Sell	2,641,627 -338,800	-11%	-$4.87M	1.63%	24
2014 Q4	$51.7M	Buy	2,980,427 +211,405	+8%	+$3.64M	2.89%	17
2014 Q3	$47.5M	Buy	2,769,022 +277,000	+11%	+$5M	3.01%	14
2014 Q2	$47M	Buy	2,492,022 +245,000	+11%	+$4.55M	3.78%	11
2014 Q1	$42.1M	Buy	2,247,022 +495,100	+28%	+$10.1M	3.2%	13
2013 Q4	$39.5M	Buy	1,751,922 +488,216	+39%	+$10.5M	3.12%	12
2013 Q3	$30.3M	Buy	1,263,706 +327,963	+35%	+$7.52M	2.46%	15
2013 Q2	$18.7M	Buy	+935,743	New	+$20.2M	1.28%	29

Other funds holding I

SLG

Silver Lake Group Menlo Park, California $3.68B AUM 7.22% 1-Year Est. Return

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

APCM

Arbiter Partners Capital Management New York $175M AUM 99.81% 1-Year Est. Return

RPM

Ridgemont Partners Management Charlotte, North Carolina $49.7M AUM 26.51% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

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

Macquarie Group Sydney, NSW 2000, Australia $16.8B AUM 27.39% 1-Year Est. Return

CCP

Cyrus Capital Partners New York $196M AUM 123.68% 1-Year Est. Return

Blackstone Inc New York $25.6B AUM 26.83% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.14% 1-Year Est. Return

Lakewood Capital Management's I Position: Q4 2015 in Review

Lakewood Capital Management sold out of INTELSAT S. A. (I) in Q4 2015, closing a stake of 171,231 shares — an estimated $1.1M sold.

Lakewood Capital Management first reported a position in I in Q2 2013 and held it in 10 quarters. The position peaked at $51.7M in Q4 2014. 89 funds tracked by Wall St. Rank hold I as of Q4 2015.

Lakewood Capital Management reported no remaining INTELSAT S. A. position as of Q4 2015 after selling out during the quarter.
Lakewood Capital Management sold 171,231 INTELSAT S. A. shares in Q4 2015, an estimated $1.1M.
Lakewood Capital Management first reported a position in INTELSAT S. A. in Q2 2013 and held it in 10 quarters.
Lakewood Capital Management's INTELSAT S. A. position peaked at $51.7M in Q4 2014.
89 funds tracked by Wall St. Rank held INTELSAT S. A. as of Q4 2015.

Based on Lakewood Capital Management's 13F filing for Q4 2015, filed 16 Feb 2016.