Brown Capital Management’s COVANCE INC. CVD Stock Holding History

Brown Capital 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	-108,687	Closed	-$11.3M	–	134
2014 Q4	$11.3M	Sell	108,687 -154,990	-59%	-$14.5M	0.19%	56
2014 Q3	$20.8M	Buy	263,677 +23,467	+10%	+$1.99M	0.37%	46
2014 Q2	$20.6M	Buy	240,210 +1,459	+0.6%	+$130K	0.34%	47
2014 Q1	$24.8M	Sell	238,751 -3,135	-1%	-$311K	0.41%	41
2013 Q4	$21.3M	Sell	241,886 -8,268	-3%	-$716K	0.35%	45
2013 Q3	$21.6M	Sell	250,154 -420	-0.2%	-$34.6K	0.38%	44
2013 Q2	$19.1M	Buy	+250,574	New	+$18.7M	0.41%	45

Other funds holding CVD

California Public Employees Retirement System Sacramento, California $177B AUM 39.86% 1-Year Est. Return

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

Brown Capital Management's CVD Position: Q1 2015 in Review

Brown Capital Management sold out of COVANCE INC. (CVD) in Q1 2015, closing a stake of 108,687 shares — an estimated $11.3M sold.

Brown Capital Management first reported a position in CVD in Q2 2013 and held it in 7 quarters. The position peaked at $24.8M in Q1 2014. 2 funds tracked by Wall St. Rank hold CVD as of Q1 2015.

Brown Capital Management reported no remaining COVANCE INC. position as of Q1 2015 after selling out during the quarter.
Brown Capital Management sold 108,687 COVANCE INC. shares in Q1 2015, an estimated $11.3M.
Brown Capital Management first reported a position in COVANCE INC. in Q2 2013 and held it in 7 quarters.
Brown Capital Management's COVANCE INC. position peaked at $24.8M in Q1 2014.
2 funds tracked by Wall St. Rank held COVANCE INC. as of Q1 2015.

Based on Brown Capital Management's 13F filing for Q1 2015, filed 15 May 2015.