David Abrams - Abrams Capital Management 13F Activity & Position Changes (Q3 2014)

According to the SEC 13F filed on Aug 13, 2026, the Abrams Capital Management portfolio showed several notable changes in holdings as of quarter-end Sep 30, 2014. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q3 2014, the filing reported:

New Buys - Rayonier Advanced Materials Inc

Increases - American International Group, I, Microsoft Corporation, Western Union Company (The)

Reductions - None reported

Complete Exits - Navient Corporation, Rayonier Inc. REIT

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q3 2014	AIG American International Group, I	American International Group, I	Buy	+56,236	+1.2%	$259.37K	4,801,276
Q3 2014	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+1,560,000	+45.6%	$230.87K	4,980,000
Q3 2014	NAVI Navient Corporation	Navient Corporation	Sell - Position Exit	-5,170,518	-100.0%	$0.00	-
Q3 2014	RYAM Rayonier Advanced Materials Inc	Rayonier Advanced Materials Inc	Buy - Position Entry	+2,500,000	-	$82.28K	2,500,000
Q3 2014	RYN Rayonier Inc. REIT	Rayonier Inc. REIT	Sell - Position Exit	-920,710	-100.0%	$0.00	-
Q3 2014	WU Western Union Company (The)	Western Union Company (The)	Buy	+181,230	+0.8%	$346.60K	21,608,707