Churchill Management’s Air Products & Chemicals APD Stock Holding History

Churchill Management’s Portfolio APD Stock Details APD Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-15,009	Closed	-$1.9M	–	127
2015 Q2	$1.9M	Sell	15,009 -576	-4%	-$78.6K	0.07%	123
2015 Q1	$2.18M	Sell	15,585 -1,707	-10%	-$236K	0.07%	113
2014 Q4	$2.31M	Sell	17,292 -629	-4%	-$79.6K	0.09%	114
2014 Q3	$2.16M	Sell	17,921 -1,049	-6%	-$128K	0.09%	112
2014 Q2	$2.26M	Sell	18,970 -607	-3%	-$67.7K	0.1%	95
2014 Q1	$2.16M	Buy	19,577 +2,620	+15%	+$278K	0.08%	101
2013 Q4	$1.75M	Buy	16,957 +7,074	+72%	+$713K	0.07%	104
2013 Q3	$974K	Buy	9,883 +4,397	+80%	+$418K	0.05%	111
2013 Q2	$465K	Buy	+5,486	New	+$461K	0.02%	138

Other funds holding APD

PSCM

Pershing Square Capital Management New York $19.5B AUM 2.08% 1-Year Est. Return

State Farm Mutual Automobile Insurance Bloomington, Illinois $146B AUM 55.73% 1-Year Est. Return

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

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

Barrow, Hanley, Mewhinney & Strauss Dallas, Texas $33B AUM 40.62% 1-Year Est. Return

Viking Global Investors Stamford, Connecticut $35.1B AUM 21.36% 1-Year Est. Return

BIT

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

Capital World Investors Los Angeles, California $846B AUM 46.74% 1-Year Est. Return

Franklin Resources San Mateo, California $462B AUM 39.16% 1-Year Est. Return

Sculptor Capital New York $12.3B AUM 40.26% 1-Year Est. Return

Churchill Management's APD Position: Q3 2015 in Review

Churchill Management sold out of Air Products & Chemicals (APD) in Q3 2015, closing a stake of 15,009 shares — an estimated $1.9M sold.

Churchill Management first reported a position in APD in Q2 2013 and held it in 9 quarters. The position peaked at $2.31M in Q4 2014. 794 funds tracked by Wall St. Rank hold APD as of Q3 2015.

Churchill Management reported no remaining Air Products & Chemicals position as of Q3 2015 after selling out during the quarter.
Churchill Management sold 15,009 Air Products & Chemicals shares in Q3 2015, an estimated $1.9M.
Churchill Management first reported a position in Air Products & Chemicals in Q2 2013 and held it in 9 quarters.
Churchill Management's Air Products & Chemicals position peaked at $2.31M in Q4 2014.
794 funds tracked by Wall St. Rank held Air Products & Chemicals as of Q3 2015.

Based on Churchill Management's 13F filing for Q3 2015, filed 15 Oct 2015.