SAB Capital Management’s Cheniere Energy LNG Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-1,795,113	Closed	-$124M	–	24
2015 Q2	$124M	Buy	1,795,113 +49,875	+3%	+$3.74M	12.5%	2
2015 Q1	$135M	Sell	1,745,238 -584,641	-25%	-$43.6M	13.19%	3
2014 Q4	$164M	Sell	2,329,879 -156,457	-6%	-$11M	11.09%	3
2014 Q3	$199M	Sell	2,486,336 -196,174	-7%	-$15M	9.6%	4
2014 Q2	$192M	Buy	2,682,510 +176,590	+7%	+$10.7M	10.37%	4
2014 Q1	$139M	Buy	2,505,920 +1,635,098	+188%	+$78.4M	9.67%	6
2013 Q4	$37.5M	Buy	+870,822	New	+$34.7M	2.02%	22

Other funds holding LNG

Icahn Carl Sunny Isles Beach, Florida $8.55B AUM 29.29% 1-Year Est. Return

Baupost Group Boston, Massachusetts $5.12B AUM 15.99% 1-Year Est. Return

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

Viking Global Investors Stamford, Connecticut $35.7B AUM 21.3% 1-Year Est. Return

LPC

Lone Pine Capital Greenwich, Connecticut $12.5B AUM 54.4% 1-Year Est. Return

D.E. Shaw & Co New York $166B AUM 43.98% 1-Year Est. Return

KCM

Kensico Capital Management Greenwich, Connecticut $4.9B AUM 41.26% 1-Year Est. Return

PointState Capital New York $7.9B AUM 42.31% 1-Year Est. Return

Deutsche Bank Frankfurt Am Main Ge, Germany $303B AUM 30.15% 1-Year Est. Return

BIT

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

SAB Capital Management's LNG Position: Q3 2015 in Review

SAB Capital Management sold out of Cheniere Energy (LNG) in Q3 2015, closing a stake of 1,795,113 shares — an estimated $124M sold.

SAB Capital Management first reported a position in LNG in Q4 2013 and held it in 7 quarters. The position peaked at $199M in Q3 2014. 366 funds tracked by Wall St. Rank hold LNG as of Q3 2015.

SAB Capital Management reported no remaining Cheniere Energy position as of Q3 2015 after selling out during the quarter.
SAB Capital Management sold 1,795,113 Cheniere Energy shares in Q3 2015, an estimated $124M.
SAB Capital Management first reported a position in Cheniere Energy in Q4 2013 and held it in 7 quarters.
SAB Capital Management's Cheniere Energy position peaked at $199M in Q3 2014.
366 funds tracked by Wall St. Rank held Cheniere Energy as of Q3 2015.

Based on SAB Capital Management's 13F filing for Q3 2015, filed 16 Nov 2015.