High Conviction Fund Buys

Stock Fund Market Value Change
in Stake
Shares
1976
CI
Clal Insurance
Israel
$118M +111% 2,208,356
1977
Citadel Advisors
Citadel Advisors
Florida
$118M +33,006% 1,310,993
1978
Credit Agricole
Credit Agricole
France
$118M +325% 247,718
1979
Corient Private Wealth
Corient Private Wealth
Florida
$118M +798% 545,534
1980
PPFA
Provida Pension Fund Administrator
Chile
$118M +1,449% 1,223,440
1981
Morgan Stanley
Morgan Stanley
New York
$118M +137% 542,633
1982
Citigroup
Citigroup
New York
$118M +263,817% 2,392,824
1983
Boston Partners
Boston Partners
Massachusetts
$118M +144% 1,556,831
1984
Morgan Stanley
Morgan Stanley
New York
$118M +116% 1,763,479
1985
Millennium Management
Millennium Management
New York
$118M +156% 1,131,478
1986
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
$118M +136% 812,600
1987
RCMU
Rokos Capital Management (UK)
United Kingdom
$117M +280% 3,360,144
1988
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
$117M +199% 518,535
1989
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
$117M +239% 904,942
1990
HF
HRT Financial
New York
$117M +132% 608,535
1991
CCWM
Cassaday & Co Wealth Management
Virginia
$117M +16,250% 1,902,071
1992
RI
RTW Investments
New York
$117M +163% 505,706
1993
Citadel Advisors
Citadel Advisors
Florida
$117M +7,526% 1,135,204
1994
Millennium Management
Millennium Management
New York
$117M +174% 1,169,726
1995
Morgan Stanley
Morgan Stanley
New York
$117M +165% 1,436,512
1996
Susquehanna International Group
Susquehanna International Group
Pennsylvania
$117M +181% 1,850,110
1997
Morgan Stanley
Morgan Stanley
New York
$117M +123% 381,123
1998
Morgan Stanley
Morgan Stanley
New York
$117M +128% 1,253,914
1999
Morgan Stanley
Morgan Stanley
New York
$117M +153% 1,857,301
2000
Morgan Stanley
Morgan Stanley
New York
$117M +104% 7,768,560