Paul Singer Buys Alcoa, Marathon Petroleum, Adient PLC, Sells Arconic, Cabela's, The Interpublic Group of

• New Purchases: AA, ADNT, PAH, NXPI, HCA, CTSH, NRG, GTYH, CNDT, THC,
• Added Positions: MPC, BBL, ABG, SAH, GPI,
• Reduced Positions: ARNC, TSU, DVMT,
• Sold Out: CAB, IPG, LOCK, TLN, GEO, FCB, CXW, RAD, STJ, FTNT,

For the details of Paul Singer's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Paul+Singer

1. PowerShares QQQ Trust Series 1 (QQQ) - 21,218,200 shares, 19.08% of the total portfolio.
2. Hess Corp (HES) - 18,800,000 shares, 8.89% of the total portfolio.
3. Arconic Inc (ARNC) - 37,544,000 shares, 5.28% of the total portfolio. Shares reduced by 51.62%
4. iShares iBoxx $ High Yield Corporate Bond (HYG) - 7,500,000 shares, 4.93% of the total portfolio.
5. Allergan PLC (AGN) - 2,735,000 shares, 4.36% of the total portfolio.

Paul Singer initiated holdings in Alcoa Corp. The purchase prices were between $21 and $32.05, with an estimated average price of $27.94. The stock is now traded at around $38.44. The impact to the portfolio due to this purchase was 2.18%. The holdings were 10,237,457 shares as of 2016-12-31.

Paul Singer initiated holdings in Adient PLC. The purchase prices were between $44.2 and $58.6, with an estimated average price of $51.92. The stock is now traded at around $62.09. The impact to the portfolio due to this purchase was 0.91%. The holdings were 2,040,000 shares as of 2016-12-31.

Paul Singer initiated holdings in Platform Specialty Products Corp. The purchase prices were between $7.17 and $10.4, with an estimated average price of $8.55. The stock is now traded at around $12.94. The impact to the portfolio due to this purchase was 0.82%. The holdings were 10,951,281 shares as of 2016-12-31.

Paul Singer initiated holdings in NXP Semiconductors NV. The purchase prices were between $96.59 and $104.49, with an estimated average price of $99.37. The stock is now traded at around $102.30. The impact to the portfolio due to this purchase was 0.68%. The holdings were 907,285 shares as of 2016-12-31.

Paul Singer initiated holdings in HCA Holdings Inc. The purchase prices were between $69.58 and $82.02, with an estimated average price of $74.89. The stock is now traded at around $83.71. The impact to the portfolio due to this purchase was 0.5%. The holdings were 885,000 shares as of 2016-12-31.

Paul Singer initiated holdings in Cognizant Technology Solutions Corp. The purchase prices were between $49.71 and $57.1, with an estimated average price of $53.52. The stock is now traded at around $57.21. The impact to the portfolio due to this purchase was 0.48%. The holdings were 1,124,440 shares as of 2016-12-31.

Paul Singer added to the holdings in Marathon Petroleum Corp by 97.94%. The purchase prices were between $40.96 and $51.12, with an estimated average price of $45.4. The stock is now traded at around $50.85. The impact to the portfolio due to this purchase was 1.17%. The holdings were 6,199,359 shares as of 2016-12-31.

Paul Singer added to the holdings in BHP Billiton PLC by 157.46%. The purchase prices were between $29.2 and $35.28, with an estimated average price of $31.78. The stock is now traded at around $35.19. The impact to the portfolio due to this purchase was 0.29%. The holdings were 2,010,151 shares as of 2016-12-31.

Paul Singer added to the holdings in Asbury Automotive Group Inc by 68.45%. The purchase prices were between $48.85 and $65.3, with an estimated average price of $57.09. The stock is now traded at around $66.63. The impact to the portfolio due to this purchase was 0.07%. The holdings were 376,024 shares as of 2016-12-31.

Paul Singer added to the holdings in Sonic Automotive Inc by 67.39%. The purchase prices were between $16.9 and $24, with an estimated average price of $20.32. The stock is now traded at around $23.75. The impact to the portfolio due to this purchase was 0.06%. The holdings were 784,904 shares as of 2016-12-31.

Paul Singer sold out the holdings in Cabela's Inc. The sale prices were between $58.55 and $63.38, with an estimated average price of $62.06.

Paul Singer sold out the holdings in The Interpublic Group of Companies Inc. The sale prices were between $21.83 and $24.59, with an estimated average price of $23.12.

Paul Singer sold out the holdings in LifeLock Inc. The sale prices were between $16.1 and $23.94, with an estimated average price of $20.34.

Paul Singer sold out the holdings in Talen Energy Corp. The sale prices were between $13.81 and $14, with an estimated average price of $13.92.

Paul Singer sold out the holdings in The GEO Group Inc. The sale prices were between $22.87 and $35.93, with an estimated average price of $29.2.

Paul Singer sold out the holdings in FCB Financial Holdings Inc. The sale prices were between $35.7 and $48.8, with an estimated average price of $41.41.

Paul Singer reduced to the holdings in Arconic Inc by 51.62%. The sale prices were between $17.34 and $21.8, with an estimated average price of $19.77. The stock is now traded at around $29.52. The impact to the portfolio due to this sale was -3.35%. Paul Singer still held 37,544,000 shares as of 2016-12-31.

Paul Singer reduced to the holdings in Tim Participacoes SA by 41.55%. The sale prices were between $11.28 and $13.85, with an estimated average price of $12.52. The stock is now traded at around $15.73. The impact to the portfolio due to this sale was -0.54%. Paul Singer still held 7,566,070 shares as of 2016-12-31.