12 West Capital Management’s Just Eat Takeaway.com N.V. American Depositary Shares GRUB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-1,001,252	Closed	-$48.5M	–	21
2015 Q4	$48.5M	Buy	1,001,252 +659,952	+193%	+$31.9M	6.92%	5
2015 Q3	$16.6M	Buy	+341,300	New	+$16.6M	2.42%	8
2015 Q2	–	Sell	-190,962	Closed	-$17.3M	–	21
2015 Q1	$17.3M	Buy	+190,962	New	+$17.3M	1.93%	11