Brown Capital Management’s NVR NVR Stock Holding History

Brown Capital Management’s Portfolio NVR Stock Details NVR Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-2,039	Closed	-$3.34M	–	131
2016 Q3	$3.34M	Sell	2,039 -415	-17%	-$707K	0.05%	75
2016 Q2	$4.37M	Hold	2,454	–	–	0.07%	69
2016 Q1	$4.25M	Sell	2,454 -412	-14%	-$666K	0.07%	77
2015 Q4	$4.71M	Sell	2,866 -6	-0.2%	-$9.82K	0.07%	79
2015 Q3	$4.38M	Sell	2,872 -92	-3%	-$137K	0.08%	84
2015 Q2	$3.97M	Sell	2,964 -395	-12%	-$533K	0.07%	93
2015 Q1	$4.46M	Sell	3,359 -789	-19%	-$1.03M	0.07%	90
2014 Q4	$5.29M	Sell	4,148 -1,388	-25%	-$1.68M	0.09%	86
2014 Q3	$6.26M	Sell	5,536 -18	-0.3%	-$20.6K	0.11%	85
2014 Q2	$6.39M	Sell	5,554 -134	-2%	-$150K	0.11%	82
2014 Q1	$6.52M	Hold	5,688	–	–	0.11%	81
2013 Q4	$5.84M	Buy	5,688 +1,423	+33%	+$1.35M	0.1%	80
2013 Q3	$3.92M	Hold	4,265	–	–	0.07%	86
2013 Q2	$3.93M	Buy	+4,265	New	+$4.24M	0.08%	87

Other funds holding NVR

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

Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada $128B AUM 35.83% 1-Year Est. Return

BFA

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

Wellington Management Group Boston, Massachusetts $580B AUM 38.23% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

BIT

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

IAM

Impala Asset Management Palm Beach, Florida $176M AUM 44.32% 1-Year Est. Return

Victory Capital Management San Antonio, Texas $178B AUM 37.23% 1-Year Est. Return

SCM

Smead Capital Management Phoenix, Arizona $4.66B AUM 41.77% 1-Year Est. Return

Brown Capital Management's NVR Position: Q4 2016 in Review

Brown Capital Management sold out of NVR (NVR) in Q4 2016, closing a stake of 2,039 shares — an estimated $3.34M sold.

Brown Capital Management first reported a position in NVR in Q2 2013 and held it in 14 quarters. The position peaked at $6.52M in Q1 2014. 292 funds tracked by Wall St. Rank hold NVR as of Q4 2016.

Brown Capital Management reported no remaining NVR position as of Q4 2016 after selling out during the quarter.
Brown Capital Management sold 2,039 NVR shares in Q4 2016, an estimated $3.34M.
Brown Capital Management first reported a position in NVR in Q2 2013 and held it in 14 quarters.
Brown Capital Management's NVR position peaked at $6.52M in Q1 2014.
292 funds tracked by Wall St. Rank held NVR as of Q4 2016.

Based on Brown Capital Management's 13F filing for Q4 2016, filed 8 Feb 2017.