Holdings
| CHKEUR CHESAPEAKE ENERGY CORP | $1.99B | 9.9% | 76,707,427 | −10,270,314 | −11.8% | Reduced |
| FDX FEDEX CORP | $1.77B | 8.8% | 15,500,062 | −744,244 | −4.6% | Reduced |
| L LOEWS CORP | $1.67B | 8.3% | 35,729,628 | −1,084,261 | −2.9% | Reduced |
| DIRECTV | $1.38B | 6.9% | 23,131,868 | −1,289,864 | −5.3% | Reduced |
| Level 3 Communications Inc. | $1.30B | 6.5% | 48,850,066 | +627,030 | +1.3% | Added |
| BNY BANK OF NEW YORK MELLON CORP | $1.22B | 6.1% | 40,568,796 | −1,983,903 | −4.7% | Reduced |
| Aon PLC | $1.16B | 5.8% | 15,524,966 | −3,376,736 | −17.9% | Reduced |
| MDLZ MONDELEZ INTERNATIONAL INC-A | $1.15B | 5.7% | 36,442,983 | −2,075,848 | −5.4% | Reduced |
| TRV TRAVELERS COS INC | $1.12B | 5.6% | 13,243,290 | −1,069,559 | −7.5% | Reduced |
| MUR MURPHY OIL CORP | $922.9M | 4.6% | 15,300,237 | −760,015 | −4.7% | Reduced |
| CONSOL Energy Inc. | $749.1M | 3.7% | 22,261,258 | −1,902,333 | −7.9% | Reduced |
| EG EVEREST GROUP LTD | $582.7M | 2.9% | 4,007,209 | −331,473 | −7.6% | Reduced |
| Texas Industries Inc. | $535.4M | 2.7% | 8,073,457 | −110,000 | −1.3% | Reduced |
| PHG KONINKLIJKE PHILIPS NVR- NY | $510.6M | 2.5% | 15,831,333 | −3,338,417 | −17.4% | Reduced |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | $491.5M | 2.5% | 4,329,958 | −372,138 | −7.9% | Reduced |
| ABT ABBOTT LABORATORIES | $455.6M | 2.3% | 13,727,856 | −690,449 | −4.8% | Reduced |
| CX CEMEX SAB-SPONS ADR PART CER | $395.5M | 2.0% | 35,375,663 | −5,851,583 | −14.2% | Reduced |
| NWS NEWS CORP - CLASS B | $394.9M | 2.0% | 24,036,554 | +24,036,554 | — | New |
| tw telecom inc. | $340.7M | 1.7% | 11,406,743 | −213,223 | −1.8% | Reduced |
| The Washington Post Company | $332.3M | 1.7% | 543,610 | −4,700 | −0.9% | Reduced |
| VMC VULCAN MATERIALS CO | $317.2M | 1.6% | 6,121,733 | −3,500 | −0.1% | Reduced |
| MTN VAIL RESORTS INC | $236.4M | 1.2% | 3,407,758 | — | — | Held |
| CNH CNH INDUSTRIAL NV | $181.5M | 0.9% | 14,517,291 | +14,517,291 | — | New |
| SNI SCRIPPS NETWORKS INTER-CL A | $173.6M | 0.9% | 2,223,049 | — | — | Held |
| WEN WENDY'S CO | $160.1M | 0.8% | 18,878,200 | −16,136,800 | −46.1% | Reduced |
| LMEUR LEGG MASON INC | $123.9M | 0.6% | 3,703,721 | — | — | Held |
| Vodafone Group Plc ADR | $108.3M | 0.5% | 3,078,107 | −303,200 | −9.0% | Reduced |
| MLM MARTIN MARIETTA MATERIALS | $107.7M | 0.5% | 1,097,407 | −95,605 | −8.0% | Reduced |
| DIN DINE BRANDS GLOBAL INC | $94.2M | 0.5% | 1,364,900 | — | — | Held |
| NWSA NEWS CORP - CLASS A | $29.3M | 0.1% | 1,824,200 | +1,824,200 | — | New |
| MOS MOSAIC CO | $23.2M | 0.1% | 539,600 | −364,713 | −40.3% | Reduced |
| VNO VORNADO REALTY TRUST | $19.5M | 0.1% | 232,202 | −107,700 | −31.7% | Reduced |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | $1.2M | 0.0% | 7 | — | — | Held |
Sold positions
| Holding | Shares sold | Prior value |
|---|---|---|
| Dell Inc. | 71,186,328 | $948.6M |
| Saks Incorporated | 13,180,706 | $179.8M |
| CNH Global N.V. | 3,815,399 | $158.9M |
| SCI SERVICE CORP INTERNATIONAL | 5,295,700 | $95.5M |
| CEMEX 3.75 03/15/18 PRN CEMEX SAB DE CV | 58,000,000 | $71.6M |
| Quicksilver Resources Inc. | 22,918,692 | $38.5M |
| LVLT 6.5 10/01/16 PRN LEVEL 3 COMMUNICATIONS | 8,000,000 | $10.9M |
Holdings reflect long positions disclosed in 13F filings only and exclude short positions, cash, and other non-13F assets. Holdings data sourced from SEC EDGAR. Not investment advice. Full disclaimer.