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Disclosery

SAB CAPITAL MANAGEMENT LP

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13F filer, CIK 1359894, NEW YORK, NY

SAB CAPITAL MANAGEMENT LP reported $1,854,793,000 across 16 holdings for the quarter ended 2014-06-30, in a 13F-HR filed 2014-08-14. Its ten largest share positions make up 91.44% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001140361-14-032809

Period
2014-06-30
Reported value
$1.85B
Holdings
16
Top 10 weight
91.44%
New
6
Sold out
4

Largest buys vs the previous quarter

SecurityShares changeApprox. value
AMERICAN RLTY CAP PPTYS INCnew+15,030,425$188M
RCS CAP CORPnew+3,055,990$64.9M
COMMONWEALTH REITnew+1,624,324$42.8M
SHUTTERFLY INCadded+986,357$42.5M
ALLYnew+1,150,410$27.5M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
MUreduced-1,646,100-$54.2M
SPRreduced-974,200-$32.8M
APAMexited-500,000-$32.1M
EP ENERGY CORPexited-1,400,000-$27.4M
SANTANDER CONSUMER USA HOLD…exited-350,000-$8.43M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2014

Share positions as resolved from 13F-HR 0001140361-14-032809, largest first. % of portfolio is the value over $1,798,733,000, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
HERTZ GLOBAL HLDGS INC NHERTZ GLOBAL HLDGS INC NQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: 8,451,446 shares 8,451,446$237M13.17%+775,750
MUMICRON TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: 6,076,895 shares 6,076,895$200M11.13%-1,646,100Timeline
SPRSPIRIT AEROSYSTEMS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: 5,820,373 shares 5,820,373$196M10.9%-974,200Timeline
LNGCHENIERE ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: 2,682,510 shares 2,682,510$192M10.69%+176,590Timeline
AMERICAN RLTY CAP PPTYS INCAMERICAN RLTY CAP PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: 15,030,425 shares 15,030,425$188M10.47%new
ALTISOURCE ASSET MGMT CORPALTISOURCE ASSET MGMT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: 219,298 shares 219,298$159M8.82%-3,745
ALTISOURCE RESIDENTIAL CORPALTISOURCE RESIDENTIAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: 4,990,427 shares 4,990,427$130M7.22%0
SHUTTERFLY INCSHUTTERFLY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: 2,926,837 shares 2,926,837$126M7.01%+986,357
CARAVIS BUDGET GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: 2,000,000 shares 2,000,000$119M6.64%0Timeline
HILTON WORLDWIDE HLDGS INCHILTON WORLDWIDE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: 4,160,087 shares 4,160,087$96.9M5.39%+1,152,243
RCS CAP CORPRCS CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: 3,055,990 shares 3,055,990$64.9M3.61%new
COMMONWEALTH REITCOMMONWEALTH REITQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: 1,624,324 shares 1,624,324$42.8M2.38%new
ALLYALLY FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: 1,150,410 shares 1,150,410$27.5M1.53%newTimeline
FAMOUS DAVE'S OF AMERICAFAMOUS DAVE'S OF AMERICAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: 634,105 shares 634,105$18.2M1.01%new
PFSWEB INCPFSWEB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: 78,084 shares 78,084$648K0.04%0

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
HERTZ GLOBAL HLDGS INC NHERTZ GLOBAL HLDGS INC N COMcall2,000,000$56.1Mnew

Sold out in Q2 2014

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
APAMARTISAN PARTNERS ASSET MGMT500,000$32.1Mshares
EP ENERGY CORPEP ENERGY CORP1,400,000$27.4Mshares
SANTANDER CONSUMER USA HOLD…SANTANDER CONSUMER USA HOLDINGS350,000$8.43Mshares
ATLAS ENERGY LPATLAS ENERGY LP91,411$3.93Mshares

How Q2 2014 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001140361-14-032809 base2014-08-14acceptance time not in the bulk data set