Capital Returns Management’s Erie Indemnity ERIE Stock Holding History

Capital Returns Management’s Portfolio ERIE Stock Details ERIE Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-31,996	Closed	-$2.9M	–	20
2014 Q4	$2.9M	Sell	31,996 -69,270	-68%	-$5.9M	2.11%	16
2014 Q3	$7.68M	Sell	101,266 -4,800	-5%	-$362K	5.68%	9
2014 Q2	$7.98M	Hold	106,066	–	–	6.76%	8
2014 Q1	$7.4M	Buy	106,066 +18,821	+22%	+$1.32M	6.41%	6
2013 Q4	$6.38M	Buy	+87,245	New	+$6.22M	5.85%	8

Other funds holding ERIE

PNC Financial Services Group Pittsburgh, Pennsylvania $173B AUM 20.72% 1-Year Est. Return

Franklin Resources San Mateo, California $408B AUM 30.18% 1-Year Est. Return

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

Royce & Associates New York $10.1B AUM 42.88% 1-Year Est. Return

BIT

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

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

ORIO

Old Republic International (ORI) Chicago, Illinois $2.67B AUM 26.94% 1-Year Est. Return

Los Angeles Capital Management Los Angeles, California $25.4B AUM 38.46% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

BFA

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

Capital Returns Management's ERIE Position: Q1 2015 in Review

Capital Returns Management sold out of Erie Indemnity (ERIE) in Q1 2015, closing a stake of 31,996 shares — an estimated $2.9M sold.

Capital Returns Management first reported a position in ERIE in Q4 2013 and held it in 5 quarters. The position peaked at $7.98M in Q2 2014. 112 funds tracked by Wall St. Rank hold ERIE as of Q1 2015.

Capital Returns Management reported no remaining Erie Indemnity position as of Q1 2015 after selling out during the quarter.
Capital Returns Management sold 31,996 Erie Indemnity shares in Q1 2015, an estimated $2.9M.
Capital Returns Management first reported a position in Erie Indemnity in Q4 2013 and held it in 5 quarters.
Capital Returns Management's Erie Indemnity position peaked at $7.98M in Q2 2014.
112 funds tracked by Wall St. Rank held Erie Indemnity as of Q1 2015.

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