High Conviction Fund Sells

Stock Fund Market Value Change
in Stake
Shares
2001
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
$132M -77% 1,849,694
2002
JP Morgan Chase
JP Morgan Chase
New York
$132M -51% 1,501,216
2003
VanEck Associates
VanEck Associates
New York
$132M -93% 556,476
2004
Select Equity Group
Select Equity Group
New York
$132M -62% 3,549,390
2005
Invesco
Invesco
Georgia
$131M -60% 573,593
2006
D.E. Shaw & Co
D.E. Shaw & Co
New York
$131M -96% 1,541,518
2007
Marshall Wace
Marshall Wace
United Kingdom
$131M Closed 423,248
2008
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services
Minnesota
$131M -63% 1,120,026
2009
UBS Group
UBS Group
Switzerland
$131M -76% 596,864
2010
California Public Employees Retirement System
California Public Employees Retirement System
California
$131M Closed 768,927
2011
Holocene Advisors
Holocene Advisors
New York
$131M Closed 618,196
2012
American Century Companies
American Century Companies
Missouri
$131M -79% 228,443
2013
Citadel Advisors
Citadel Advisors
Florida
$131M -94% 2,526,577
2014
DCP
DSM Capital Partners
Florida
$131M Closed 1,273,794
2015
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
$131M -85% 2,348,728
2016
Marshall Wace
Marshall Wace
United Kingdom
$131M -53% 1,992,101
2017
Squarepoint
Squarepoint
New York
$131M -70% 2,382,594
2018
GIM
Generation Investment Management
United Kingdom
$131M -71% 3,726,062
2019
Citadel Advisors
Citadel Advisors
Florida
$131M -94% 2,787,866
2020
DFG
Demars Financial Group
Washington
$130M -99% 968,567
2021
BGC
Beutel, Goodman & Co
Ontario, Canada
$130M -100% 2,073,512
2022
Two Sigma Investments
Two Sigma Investments
New York
$130M -88% 474,002
2023
Millennium Management
Millennium Management
New York
$130M -66% 1,660,769
2024
Jennison Associates
Jennison Associates
New York
$130M -94% 360,465
2025
Marshall Wace
Marshall Wace
United Kingdom
$130M -96% 3,856,493