High Conviction Fund Sells

Stock Fund Market Value Change
in Stake
Shares
1951
Morgan Stanley
1951
Morgan Stanley
New York
$158M -54% 4,161,022
1952
Luther King Capital Management (LKCM)
1952
Luther King Capital Management (LKCM)
Texas
$158M -74% 653,663
1953
Janus Henderson Group
1953
Janus Henderson Group
United Kingdom
$158M -60% 3,169,118
1954
Bank of Montreal
1954
Bank of Montreal
Ontario, Canada
$158M -92% 1,756,716
1955
UE
1955
Unisphere Establishment
Liechtenstein
$158M -95% 632,000
1956
JPMorgan Chase & Co
1956
JPMorgan Chase & Co
New York
$158M -52% 1,203,889
1957
T. Rowe Price Associates
1957
T. Rowe Price Associates
Maryland
$158M -83% 720,475
1958
Capital International Investors
1958
Capital International Investors
California
$158M Closed 2,185,945
1959
MNG
1959
Manning & Napier Group
New York
$158M -94% 3,144,775
1960
MIS
1960
Morningstar Investment Services
Illinois
$158M -51% 624,306
1961
BI
1961
BVF Inc
California
$158M Closed 1,981,100
1962
First Trust Advisors
1962
First Trust Advisors
Illinois
$158M -55% 2,907,449
1963
QC
1963
Quadrature Capital
United Kingdom
$158M Closed 1,411,780
1964
MF
1964
Magnetar Financial
Illinois
$157M -85% 1,193,315
1965
EIM
1965
Elliott Investment Management
Florida
$157M -96% 2,300,000
1966
Acadian Asset Management
1966
Acadian Asset Management
Massachusetts
$157M -69% 2,469,720
1967
Massachusetts Financial Services
1967
Massachusetts Financial Services
Massachusetts
$157M -56% 4,975,673
1968
Fidelity Investments
1968
Fidelity Investments
Massachusetts
$157M -80% 4,576,604
1969
TWCM
1969
True Wind Capital Management
California
$157M Closed 14,457,597
1970
Dodge & Cox
1970
Dodge & Cox
California
$157M Closed 3,071,598
1971
Two Sigma Investments
1971
Two Sigma Investments
New York
$157M -72% 317,144
1972
Victory Capital Management
1972
Victory Capital Management
Texas
$157M -96% 2,669,966
1973
Morgan Stanley
1973
Morgan Stanley
New York
$157M -62% 12,089,474
1974
State Street
1974
State Street
Massachusetts
$157M -90% 4,380,381
1975
HL
1975
Harding Loevner
New Jersey
$157M -87% 2,336,229