High Conviction Fund Sells

Stock Fund Market Value Change
in Stake
Shares
1976
Morgan Stanley
Morgan Stanley
New York
$151M -65% 667,030
1977
First Manhattan
First Manhattan
New York
$151M -93% 1,184,349
1978
SC
Syon Capital
California
$151M -94% 338,642
1979
JP Morgan Chase
JP Morgan Chase
New York
$151M -52% 1,203,889
1980
M
Murchinson
Ontario, Canada
$151M Closed 3,101,309
1981
Swedbank
Swedbank
Sweden
$151M Closed 803,387
1982
First Trust Advisors
First Trust Advisors
Illinois
$151M -86% 398,273
1983
Morgan Stanley
Morgan Stanley
New York
$151M -55% 1,735,909
1984
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
$151M -84% 709,767
1985
First Trust Advisors
First Trust Advisors
Illinois
$151M -66% 643,012
1986
SIG
Senator Investment Group
New York
$151M Closed 750,000
1987
SI
Sofinnova Investments
California
$150M Closed 2,419,528
1988
Jennison Associates
Jennison Associates
New York
$150M -54% 347,386
1989
AWM
AE Wealth Management
Kansas
$150M -58% 2,074,310
1990
CIBC World Market
CIBC World Market
Ontario, Canada
$150M -55% 350,522
1991
D.E. Shaw & Co
D.E. Shaw & Co
New York
$150M -51% 956,369
1992
Morgan Stanley
Morgan Stanley
New York
$150M -53% 1,517,519
1993
EECFX
EnCap Energy Capital Fund XI
Texas
$150M Closed 3,414,164
1994
Vanguard Group
Vanguard Group
Pennsylvania
$150M Closed 1,353,816
1995
Morgan Stanley
Morgan Stanley
New York
$150M -52% 604,848
1996
Vanguard Group
Vanguard Group
Pennsylvania
$150M Closed 14,275,875
1997
HL
Harding Loevner
New Jersey
$150M -87% 2,336,229
1998
Citadel Advisors
Citadel Advisors
Florida
$150M -89% 2,147,429
1999
Bessemer Group
Bessemer Group
New Jersey
$150M -99% 638,024
2000
KKRC
Kohlberg Kravis Roberts & Co
New York
$150M -61% 7,556,453