High Conviction Fund Sells

Stock Fund Market Value Change
in Stake
Shares
1976
Deutsche Bank
Deutsche Bank
Germany
$151M Closed 994,164
1977
Morgan Stanley
Morgan Stanley
New York
$151M -50% 5,402,986
1978
Morgan Stanley
Morgan Stanley
New York
$151M -65% 667,030
1979
First Manhattan
First Manhattan
New York
$151M -93% 1,184,349
1980
SC
Syon Capital
California
$151M -94% 338,642
1981
JP Morgan Chase
JP Morgan Chase
New York
$151M -52% 1,203,889
1982
M
Murchinson
Ontario, Canada
$151M Closed 3,101,309
1983
Swedbank
Swedbank
Sweden
$151M Closed 803,387
1984
First Trust Advisors
First Trust Advisors
Illinois
$151M -86% 398,273
1985
Morgan Stanley
Morgan Stanley
New York
$151M -55% 1,735,909
1986
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
$151M -84% 709,767
1987
First Trust Advisors
First Trust Advisors
Illinois
$151M -66% 643,012
1988
SIG
Senator Investment Group
New York
$151M Closed 750,000
1989
SI
Sofinnova Investments
California
$150M Closed 2,419,528
1990
Jennison Associates
Jennison Associates
New York
$150M -54% 347,386
1991
AWM
AE Wealth Management
Kansas
$150M -58% 2,074,310
1992
CIBC World Market
CIBC World Market
Ontario, Canada
$150M -55% 350,522
1993
D.E. Shaw & Co
D.E. Shaw & Co
New York
$150M -51% 956,369
1994
Morgan Stanley
Morgan Stanley
New York
$150M -53% 1,517,519
1995
EECFX
EnCap Energy Capital Fund XI
Texas
$150M Closed 3,414,164
1996
Vanguard Group
Vanguard Group
Pennsylvania
$150M Closed 1,353,816
1997
Morgan Stanley
Morgan Stanley
New York
$150M -52% 604,848
1998
Vanguard Group
Vanguard Group
Pennsylvania
$150M Closed 14,275,875
1999
HL
Harding Loevner
New Jersey
$150M -87% 2,336,229
2000
Citadel Advisors
Citadel Advisors
Florida
$150M -89% 2,147,429