Bocage Capital’s AK Steel Holding Corp AKS Stock Holding History

Bocage Capital’s Portfolio AKS Stock Details AKS Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q3	–	Sell	-5,250,000	Closed	-$24.5M	–	22
2016 Q2	$24.5M	Buy	5,250,000 +4,590,000	+695%	+$20.1M	15.37%	1
2016 Q1	$2.73M	Sell	660,000 -5,240,000	-89%	-$15M	2.03%	12
2015 Q4	$13.2M	Hold	5,900,000	–	–	9.51%	2
2015 Q3	$14.2M	Buy	5,900,000 +5,500,000	+1,375%	+$16M	8.46%	6
2015 Q2	$1.55M	Hold	400,000	–	–	0.84%	13
2015 Q1	$1.79M	Buy	+400,000	New	+$1.74M	0.85%	14

Other funds holding AKS

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

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

Arrowstreet Capital Boston, Massachusetts $185B AUM 39.58% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

ABC

Anchor Bolt Capital Chicago, Illinois $18M AUM 26.14% 1-Year Est. Return

Victory Capital Management San Antonio, Texas $156B AUM 27.51% 1-Year Est. Return

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

JIM

Jupiter Investment Management London, United Kingdom $6.26B AUM 13.19% 1-Year Est. Return

Bocage Capital's AKS Position: Q4 2015 in Review

Bocage Capital sold out of AK Steel Holding Corp (AKS) in Q4 2015, closing a stake of 230,300 shares — an estimated $578K sold.

Bocage Capital first reported a position in AKS in Q3 2014 and held it in 5 quarters. The position peaked at $25.1M in Q1 2015. 174 funds tracked by Wall St. Rank hold AKS as of Q4 2015.

Bocage Capital reported no remaining AK Steel Holding Corp position as of Q4 2015 after selling out during the quarter.
Bocage Capital sold 230,300 AK Steel Holding Corp shares in Q4 2015, an estimated $578K.
Bocage Capital first reported a position in AK Steel Holding Corp in Q3 2014 and held it in 5 quarters.
Bocage Capital's AK Steel Holding Corp position peaked at $25.1M in Q1 2015.
174 funds tracked by Wall St. Rank held AK Steel Holding Corp as of Q4 2015.

Based on Bocage Capital's 13F filing for Q4 2015, filed 12 Feb 2016.