High Conviction Fund Sells

Stock Fund Market Value Change
in Stake
Shares
1976
Susquehanna International Group
Susquehanna International Group
Pennsylvania
$101M -53% 3,234,045
1977
Walleye Trading
Walleye Trading
New York
$101M -89% 3,260,576
1978
Comerica Bank
Comerica Bank
Texas
$101M -50% 3,688,459
1979
TP
Theleme Partners
United Kingdom
$101M Closed 1,546,000
1980
Wells Fargo
Wells Fargo
California
$101M -96% 2,080,632
1981
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
$101M Closed 1,244,893
1982
Northern Trust
Northern Trust
Illinois
$101M Closed 2,880,594
1983
JP Morgan Chase
JP Morgan Chase
New York
$101M Closed 2,396,079
1984
EC
Eminence Capital
New York
$101M -90% 2,020,032
1985
SCA
Southpoint Capital Advisors
New York
$101M Closed 1,851,545
1986
TS
Twin Securities
New York
$101M Closed 986,125
1987
Diamond Hill Capital Management
Diamond Hill Capital Management
Ohio
$101M -69% 1,383,950
1988
SPC
Slate Path Capital
New York
$101M Closed 5,656,054
1989
RA
Royce & Associates
New York
$101M -70% 5,330,070
1990
State Street
State Street
Massachusetts
$101M Closed 1,278,664
1991
AQR Capital Management
AQR Capital Management
Connecticut
$101M Closed 8,460,054
1992
Allianz Asset Management
Allianz Asset Management
Germany
$101M -75% 3,141,374
1993
Vanguard Group
Vanguard Group
Pennsylvania
$101M Closed 2,185,435
1994
GCM
Glenview Capital Management
New York
$100M Closed 11,087,227
1995
AL
AJO LP
Pennsylvania
$100M Closed 5,728,600
1996
RL
Ruffer LLP
United Kingdom
$100M -51% 1,754,575
1997
D.E. Shaw & Co
D.E. Shaw & Co
New York
$100M -52% 1,355,309
1998
UOC
UBS O'Connor
Illinois
$100M -74% 562,717
1999
FAM
Fred Alger Management
New York
$100M -71% 2,806,453
2000
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
$100M -52% 3,547,176