Act II Management’s INTELSAT S. A. I Stock Holding History

Act II Management’s Portfolio I Stock Details I Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2020 Q1	–	Sell	-165,000	Closed	-$1.16M	–	19
2019 Q4	$1.16M	Hold	165,000	–	–	1.13%	19
2019 Q3	$3.76M	Buy	165,000 +25,000	+18%	+$527K	3.61%	11
2019 Q2	$2.72M	Hold	140,000	–	–	2.49%	14
2019 Q1	$2.19M	Buy	140,000 +10,000	+8%	+$212K	1.82%	17
2018 Q4	$2.78M	Buy	130,000 +20,000	+18%	+$540K	2.49%	13
2018 Q3	$3.3M	Buy	110,000 +90,000	+450%	+$1.97M	2.3%	17
2018 Q2	$333K	Buy	+20,000	New	+$259K	0.24%	24

Other funds holding I

BPA

BC Partners Advisors New York $9.17B AUM 97.31% 1-Year Est. Return

Appaloosa LP Short Hills, New Jersey $5.93B AUM 44.55% 1-Year Est. Return

DCM

Discovery Capital Management South Norwalk, Connecticut $1.92B AUM 218.96% 1-Year Est. Return

SLG

Silver Lake Group Menlo Park, California $3.68B AUM 7.22% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

KSCM

Key Square Capital Management Stamford, Connecticut $14.2M AUM 21.27% 1-Year Est. Return

D.E. Shaw & Co New York $166B AUM 43.98% 1-Year Est. Return

Act II Management's I Position: Q1 2020 in Review

Act II Management sold out of INTELSAT S. A. (I) in Q1 2020, closing a stake of 165,000 shares — an estimated $1.16M sold.

Act II Management first reported a position in I in Q2 2018 and held it in 7 quarters. The position peaked at $3.76M in Q3 2019. 120 funds tracked by Wall St. Rank hold I as of Q1 2020.

Act II Management reported no remaining INTELSAT S. A. position as of Q1 2020 after selling out during the quarter.
Act II Management sold 165,000 INTELSAT S. A. shares in Q1 2020, an estimated $1.16M.
Act II Management first reported a position in INTELSAT S. A. in Q2 2018 and held it in 7 quarters.
Act II Management's INTELSAT S. A. position peaked at $3.76M in Q3 2019.
120 funds tracked by Wall St. Rank held INTELSAT S. A. as of Q1 2020.

Based on Act II Management's 13F filing for Q1 2020, filed 12 May 2020.