Park Presidio Capital’s Top Picks: Liberty Interactive Group (QVCA), Hub Group Inc, Blackhawk Network Holdings Inc

Page 2 of 2

Liberty Interactive Group (NASDAQ:QVCA) was the second largest position in Park Presidio Capital’s portfolio. The fund reported a $32.8 million stake in the company, containing 1.11 million shares. Liberty Interactive Group, through interests in subsidiaries and other companies, is primarily engaged in the video and digital commerce industries. The company has a market cap of nearly $19 billion. Shares of the company moved up by 4% during last one year. Other investors betting big on Liberty Interactive Group (NASDAQ:QVCA) include Peter Adam Hochfelder’s Brahman Capital, which reported ownership of 9.52 million shares at the end of September 2014. Another investor is D E Shaw, managed by David E. Shaw, which revealed holding 7.37 million shares of the company at the end of September 30.

The third largest holding in the Park Presidio Capital’s portfolio was Hub Group Inc (NASDAQ:HUBG), in which the fund revealed owning 720,899 shares, worth $27.5 million. Hub Group Inc is an asset-light freight transportation management firm engaged in offering intermodal, truck brokerage and logistics services. The $1.41 billion market cap firm operates throughout the United States, Canada and Mexico. Hub Group Inc reported net income of $51.6 million for full-year 2014, down from $69.1 million in 2013. Earnings per common share was $1.41, versus $1.88 in 2013. The company lost 3.29% since February 2014. Currently, it is trading at $38.17.

On Monday, Ric Dillon’s Diamond Hill Capital disclosed upping its stake in Hub Group Inc (NASDAQ:HUBG) to 2.62 million shares from 1.92 million shares the investor reported in its latest 13F. The stake is passive by nature, and represents 7.1% of the company’s common stock. Other largest shareholders of Hub Group Inc, according to our record, is Ken Fisher’s Fisher Asset Management, which reported ownership of 1.68 million shares as of the end of September 2014. Another investor, Royce & Associates, run by Chuck Royce, disclosed holding 396,900 shares of the company as of the end of September 30, 2014.

Disclosure: none

Page 2 of 2