SAB Capital Management’s Avis CAR Stock Holding History

SAB Capital Management’s Portfolio CAR Stock Details CAR Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-2,226,064	Closed	-$148M	–	24
2014 Q4	$148M	Sell	2,226,064 -1,931,133	-46%	-$110M	9.98%	4
2014 Q3	$228M	Buy	4,157,197 +2,157,197	+108%	+$135M	11.01%	2
2014 Q2	$119M	Hold	2,000,000	–	–	6.44%	9
2014 Q1	$97.4M	Buy	2,000,000 +1,007,084	+101%	+$43.3M	6.79%	7
2013 Q4	$40.1M	Buy	+992,916	New	+$33.3M	2.16%	19

Other funds holding CAR

SRS Investment Management New York $10.8B AUM 34.05% 1-Year Est. Return

Glenview Capital Management New York $5.49B AUM 46.89% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

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

Tiger Global Management New York $24B AUM 39.59% 1-Year Est. Return

IAM

Iridian Asset Management Westport, Connecticut $291M AUM 49.45% 1-Year Est. Return

FTCM

Fir Tree Capital Management New York $21.8M AUM 1.61% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

Columbia Wanger Asset Management Chicago, Illinois $6.69B AUM 31.14% 1-Year Est. Return

MCM

Marcato Capital Management San Francisco, California $1.2M AUM 91.17% 1-Year Est. Return

SAB Capital Management's CAR Position: Q1 2015 in Review

SAB Capital Management sold out of Avis (CAR) in Q1 2015, closing a stake of 2,226,064 shares — an estimated $148M sold.

SAB Capital Management first reported a position in CAR in Q4 2013 and held it in 5 quarters. The position peaked at $228M in Q3 2014. 257 funds tracked by Wall St. Rank hold CAR as of Q1 2015.

SAB Capital Management reported no remaining Avis position as of Q1 2015 after selling out during the quarter.
SAB Capital Management sold 2,226,064 Avis shares in Q1 2015, an estimated $148M.
SAB Capital Management first reported a position in Avis in Q4 2013 and held it in 5 quarters.
SAB Capital Management's Avis position peaked at $228M in Q3 2014.
257 funds tracked by Wall St. Rank held Avis as of Q1 2015.

Based on SAB Capital Management's 13F filing for Q1 2015, filed 14 May 2015.