Alpine Associates Management’s COVANCE INC. CVD Stock Holding History

Alpine Associates Management’s Portfolio CVD Stock Details CVD Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-1,450,396	Closed	-$151M	–	113
2014 Q4	$151M	Buy	+1,450,396	New	+$136M	4.61%	4

Other funds holding CVD

California Public Employees Retirement System Sacramento, California $162B AUM 25.78% 1-Year Est. Return

Burney Company Reston, Virginia $3.71B AUM 37.66% 1-Year Est. Return

Alpine Associates Management's CVD Position: Q1 2015 in Review

Alpine Associates Management sold out of COVANCE INC. (CVD) in Q1 2015, closing a stake of 1,450,396 shares — an estimated $151M sold.

Alpine Associates Management first reported a position in CVD in Q4 2014 and held it in 1 quarter. The position peaked at $151M in Q4 2014. 2 funds tracked by Wall St. Rank hold CVD as of Q1 2015.

Alpine Associates Management reported no remaining COVANCE INC. position as of Q1 2015 after selling out during the quarter.
Alpine Associates Management sold 1,450,396 COVANCE INC. shares in Q1 2015, an estimated $151M.
Alpine Associates Management first reported a position in COVANCE INC. in Q4 2014 and held it in 1 quarter.
Alpine Associates Management's COVANCE INC. position peaked at $151M in Q4 2014.
2 funds tracked by Wall St. Rank held COVANCE INC. as of Q1 2015.

Based on Alpine Associates Management's 13F filing for Q1 2015, filed 13 May 2015.