Chapter IV Investors’s Antero Resources AR Stock Holding History

Chapter IV Investors’s Portfolio AR Stock Details AR Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q2	–	Sell	-1,250,000	Closed	-$28.5M	–	8
2017 Q1	$28.5M	Sell	1,250,000 -250,000	-17%	-$6.12M	11.8%	4
2016 Q4	$35.5M	Buy	1,500,000 +735,000	+96%	+$18.9M	13.2%	4
2016 Q3	$20.6M	Buy	765,000 +100,000	+15%	+$2.66M	6.82%	6
2016 Q2	$17.3M	Buy	665,000 +165,000	+33%	+$4.5M	5.75%	7
2016 Q1	$12.4M	Hold	500,000	–	–	4.77%	7
2015 Q4	$10.9M	Hold	500,000	–	–	4.63%	7
2015 Q3	$10.6M	Sell	500,000 -200,000	-29%	-$5.32M	3.7%	9
2015 Q2	$24M	Hold	700,000	–	–	7.61%	5
2015 Q1	$24.7M	Buy	700,000 +400,000	+133%	+$15M	7.66%	6
2014 Q4	$12.2M	Buy	+300,000	New	+$14.4M	4.15%	8

Other funds holding AR

Warburg Pincus New York $343M AUM 18.86% 1-Year Est. Return

SCP

SailingStone Capital Partners Houston, Texas $440M AUM 127.21% 1-Year Est. Return

Baupost Group Boston, Massachusetts $5.12B AUM 15.99% 1-Year Est. Return

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

FPR Partners San Francisco, California $579M AUM 26.76% 1-Year Est. Return

BWA

Brave Warrior Advisors New York $4.04B AUM 1.15% 1-Year Est. Return

YEPV

Yorktown Energy Partners VIII New York $52.9M AUM 30% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Temasek Holdings Singapore $30.5B AUM 13.98% 1-Year Est. Return

SSM

Sound Shore Management Greenwich, Connecticut $2.98B AUM 22.67% 1-Year Est. Return

Chapter IV Investors's AR Position: Q2 2017 in Review

Chapter IV Investors sold out of Antero Resources (AR) in Q2 2017, closing a stake of 1,250,000 shares — an estimated $28.5M sold.

Chapter IV Investors first reported a position in AR in Q4 2014 and held it in 10 quarters. The position peaked at $35.5M in Q4 2016. 282 funds tracked by Wall St. Rank hold AR as of Q2 2017.

Chapter IV Investors reported no remaining Antero Resources position as of Q2 2017 after selling out during the quarter.
Chapter IV Investors sold 1,250,000 Antero Resources shares in Q2 2017, an estimated $28.5M.
Chapter IV Investors first reported a position in Antero Resources in Q4 2014 and held it in 10 quarters.
Chapter IV Investors's Antero Resources position peaked at $35.5M in Q4 2016.
282 funds tracked by Wall St. Rank held Antero Resources as of Q2 2017.

Based on Chapter IV Investors's 13F filing for Q2 2017, filed 10 Aug 2017.