Burgundy Asset Management’s Babcock & Wilcox BW Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q3	–	Sell	-328,729	Closed	-$48.3M	–	109
2016 Q2	$48.3M	Sell	328,729 -106,347	-24%	-$15.6M	0.48%	56
2016 Q1	$93.1M	Sell	435,076 -1,554	-0.4%	-$333K	0.97%	38
2015 Q4	$91.1M	Buy	436,630 +11,541	+3%	+$2.41M	1%	36
2015 Q3	$71.4M	Buy	+425,089	New	+$71.4M	0.8%	44