SPO Advisory Corp.

SPO Advisory as of Dec. 31, 2011

Portfolio Holdings for SPO Advisory

SPO Advisory holds 16 positions in its portfolio as reported in the December 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Calpine Corporation 18.3 $1.5B 89M 16.33
Crown Castle International 15.0 $1.2B 27M 44.80
Liberty Global 12.0 $955M 24M 39.52
Pioneer Natural Resources (PXD) 11.8 $940M 11M 89.48
Visa (V) 9.4 $749M 7.4M 101.53
Lamar Advertising Company 6.5 $513M 19M 27.50
Charles Schwab Corporation (SCHW) 5.5 $436M 39M 11.26
Advent Software 4.8 $383M 16M 24.36
Martin Marietta Materials (MLM) 3.9 $308M 4.1M 75.41
Liberty Global 3.6 $290M 7.1M 41.03
Oasis Petroleum 3.4 $268M 9.2M 29.09
Quicksilver Resources 2.1 $168M 25M 6.71
SBA Communications Corporation 2.0 $160M 3.7M 42.96
Resolute Energy 1.3 $103M 9.5M 10.80
Liberty Global 0.3 $28M 710k 39.52
PetroQuest Energy 0.0 $2.0M 301k 6.60