Baillie Gifford & Co’s Ultra Petroleum Corp. Common Stock UPL Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-14,856,705	Closed	-$37.1M	–	204
2015 Q4	$37.1M	Sell	14,856,705 -2,580,520	-15%	-$12M	0.06%	91
2015 Q3	$111M	Buy	17,437,225 +340,174	+2%	+$2.69M	0.22%	78
2015 Q2	$214M	Buy	17,097,051 +1,381,053	+9%	+$21M	0.38%	63
2015 Q1	$246M	Buy	15,715,998 +489,233	+3%	+$7.11M	0.46%	60
2014 Q4	$200M	Buy	15,226,765 +524,931	+4%	+$10.6M	0.4%	59
2014 Q3	$342M	Buy	14,701,834 +340,359	+2%	+$8.54M	0.75%	39
2014 Q2	$426M	Buy	14,361,475 +1,124,412	+8%	+$32M	0.92%	31
2014 Q1	$356M	Buy	13,237,063 +482,954	+4%	+$11.5M	0.84%	34
2013 Q4	$276M	Sell	12,754,109 -451,870	-3%	-$9.21M	0.65%	40
2013 Q3	$272M	Buy	13,205,979 +1,030,918	+8%	+$21.7M	0.69%	39
2013 Q2	$241M	Buy	+12,175,061	New	+$260M	0.73%	37