Confluence Investment Management’s Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares MBT Stock Holding History

Confluence Investment Management’s Portfolio MBT Stock Details MBT Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q1	–	Sell	-14,959	Closed	-$105K	–	329
2018 Q4	$105K	Sell	14,959 -889	-6%	-$6.95K	﹤0.01%	300
2018 Q3	$135K	Buy	15,848 +605	+4%	+$5K	﹤0.01%	305
2018 Q2	$135K	Buy	+15,243	New	+$151K	﹤0.01%	308

Other funds holding MBT

Lazard Asset Management New York $60.8B AUM 22.47% 1-Year Est. Return

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

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

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

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

AQR Capital Management Greenwich, Connecticut $218B AUM 29.41% 1-Year Est. Return

LSV Asset Management Chicago, Illinois $46.4B AUM 27.74% 1-Year Est. Return

VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

CCM

Causeway Capital Management Los Angeles, California $8.15B AUM 29.28% 1-Year Est. Return

Confluence Investment Management's MBT Position: Q1 2019 in Review

Confluence Investment Management sold out of Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares (MBT) in Q1 2019, closing a stake of 14,959 shares — an estimated $105K sold.

Confluence Investment Management first reported a position in MBT in Q2 2018 and held it in 3 quarters. The position peaked at $135K in Q3 2018. 230 funds tracked by Wall St. Rank hold MBT as of Q1 2019.

Confluence Investment Management reported no remaining Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares position as of Q1 2019 after selling out during the quarter.
Confluence Investment Management sold 14,959 Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares shares in Q1 2019, an estimated $105K.
Confluence Investment Management first reported a position in Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares in Q2 2018 and held it in 3 quarters.
Confluence Investment Management's Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares position peaked at $135K in Q3 2018.
230 funds tracked by Wall St. Rank held Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares as of Q1 2019.

Based on Confluence Investment Management's 13F filing for Q1 2019, filed 16 Apr 2019.