Private Management Group

Private Management as of March 31, 2012

Portfolio Holdings for Private Management

Private Management holds 74 positions in its portfolio as reported in the March 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
JPMorgan Chase & Co. (JPM) 3.1 $37M 796k 45.98
Microsoft Corporation (MSFT) 3.1 $36M 1.1M 32.25
Wells Fargo & Company (WFC) 2.9 $34M 1.0M 34.14
Excel Trust 2.9 $33M 2.8M 12.08
CNA Financial Corporation (CNA) 2.8 $33M 1.1M 29.33
Vodafone 2.8 $32M 1.2M 27.67
Berkshire Hathaway (BRK.B) 2.6 $30M 373k 81.15
Owens-Illinois 2.5 $29M 1.2M 23.34
Merck & Co (MRK) 2.5 $29M 751k 38.40
Hartford Financial Services (HIG) 2.4 $28M 1.3M 21.08
Valero Energy Corporation (VLO) 2.4 $28M 1.1M 25.77
Hudson Pacific Properties (HPP) 2.4 $28M 1.9M 15.13
Xl Group 2.4 $28M 1.3M 21.69
Bank of New York Mellon Corporation (BK) 2.3 $27M 1.1M 24.13
Johnson & Johnson (JNJ) 2.3 $27M 410k 65.96
CNO Financial (CNO) 2.2 $26M 3.4M 7.78
Comcast Corporation 2.2 $26M 873k 29.51
Northstar Realty Finance 2.2 $26M 4.8M 5.41
Loews Corporation (L) 2.1 $25M 629k 39.87
Liberty Media Corp lcpad 2.1 $25M 283k 88.15
Travelers Companies (TRV) 2.1 $25M 418k 59.20
Rock-Tenn Company 2.1 $25M 367k 67.56
BP (BP) 2.1 $24M 539k 45.00
Kemper Corp Del (KMPR) 2.1 $24M 795k 30.28
Archer Daniels Midland Company (ADM) 2.0 $24M 757k 31.66
Aspen Insurance Holdings 2.0 $23M 836k 27.94
Aegon 2.0 $23M 4.2M 5.56
Safeway 1.9 $23M 1.1M 20.21
Cisco Systems (CSCO) 1.9 $22M 1.0M 21.15
Parkway Properties 1.9 $22M 2.1M 10.48
Liberty Global 1.8 $22M 450k 47.89
America Movil Sab De Cv spon adr l 1.7 $20M 791k 24.83
L-3 Communications Holdings 1.6 $19M 268k 70.77
Tesoro Corporation 1.5 $18M 669k 26.84
General Communication 1.5 $17M 2.0M 8.72
BlackRock Credit All Inc Trust IV (BTZ) 1.4 $16M 1.2M 13.07
Terreno Realty Corporation (TRNO) 1.3 $15M 1.0M 14.31
Supervalu 1.2 $15M 2.6M 5.71
Xerox Corporation 1.2 $15M 1.8M 8.08
Torchmark Corporation 1.2 $14M 287k 49.85
SandRidge Energy 1.2 $14M 1.8M 7.83
Crown Holdings (CCK) 1.2 $14M 371k 36.83
Graphic Packaging Holding Company (GPK) 0.9 $11M 2.0M 5.52
Fairfax Financial Holdings Lim (FRFHF) 0.8 $9.9M 25k 402.58
Cenveo 0.8 $9.3M 2.7M 3.38
Park-Ohio Holdings (PKOH) 0.8 $8.9M 442k 20.05
Nuveen Mult Curr St Gv Incm 0.7 $7.9M 599k 13.22
Comcast Corporation (CMCSA) 0.7 $7.8M 261k 30.01
Sierra Ban (BSRR) 0.7 $7.8M 792k 9.83
THL Credit 0.6 $7.5M 582k 12.86
Montpelier Re Holdings/mrh 0.6 $6.7M 346k 19.32
L-3 Communications Corp debt 3.000% 8/0 0.6 $6.4M 6.6M 0.98
Western Asset Vrble Rate Strtgc Fnd 0.6 $6.4M 384k 16.62
Q.e.p (QEPC) 0.6 $6.5M 348k 18.55
Redwood Trust (RWT) 0.5 $5.3M 475k 11.20
Asbury Automotive Group Inc note 3.000% 9/1 0.4 $5.1M 5.2M 0.99
MFS Charter Income Trust (MCR) 0.4 $5.0M 521k 9.57
Williams Companies (WMB) 0.4 $4.9M 159k 30.81
Penske Automotive (PAG) 0.4 $4.8M 196k 24.63
Tenet Healthcare Corporation 0.4 $4.4M 827k 5.31
MFS Multimarket Income Trust (MMT) 0.4 $4.3M 616k 6.98
Hooper Holmes 0.3 $3.4M 4.9M 0.70
Montgomery Street Income Securities 0.2 $2.9M 182k 15.80
Berkshire Hathaway (BRK.A) 0.2 $2.4M 20.00 121900.00
Newcastle Investment 0.2 $2.2M 348k 6.28
Huntsman Corporation (HUN) 0.2 $2.0M 144k 14.01
First Opportunity Fund 0.2 $1.9M 275k 7.05
Nuveen Floating Rate Income Fund (JFR) 0.1 $1.6M 132k 11.92
First Republic Bank/san F (FRCB) 0.1 $1.1M 34k 32.95
Liberty Global 0.1 $726k 15k 50.08
Adfitech 0.0 $457k 157k 2.90
Invesco Insured Cali Muni Se 0.0 $466k 32k 14.54
New Ulm Tele (NULM) 0.0 $349k 56k 6.24
iStar Financial 0.0 $182k 25k 7.24