Westchester Capital Management, LLC

Q1 2014 13F-HR Holdings

Location
Valhalla, NY
Holdings as of
3/31/2014
Date filed
5/15/2014
Form type
13F-HR
Num holdings
144
Total value ($000)
$7,645,791
Net value change ($000)
+891,076 (13.2%)
New positions
30
Sold out positions
24
Turnover %
40.3%
Sector allocation + QoQ delta (equities-only)

Holdings aggregated across other managers listed in the original SEC filing. View detailed breakdown

Snapshot: Change Analysis

Compared to Q4 2013
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
FOREST LAB 181,808 NEW
JOS A BANK CLOTHIERS INC 131,050 NEW
SIRI 113,727 NEW
VOD 113,509 NEW
HRI 106,872 NEW
TEXAS INDS INC 100,428 NEW
LORILLARD INC COM 84,933 NEW
Time Warner Cable 66,009 69.5%
A 58,045 NEW
VZ 55,616 NEW
Top Reduces (Value $000, Stocks/ETFs)
LIFE TECHNOLOGIES -183,947 -100.0%
VOD -110,558 -100.0%
LENDER PROCESSING S -100,530 -100.0%
*LEAP WIRELESS INTL INC -57,426 -100.0%
LinnCo, LLC -49,173 -100.0%
NVS -39,362 -100.0%
HEALTH MGMT -30,588 -100.0%
CONSOL -30,556 -52.4%
ENDO PHARMACEUTICALS HLDGS -29,089 -100.0%
DOV -28,726 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 2,917,137 (38.2% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type