EARNEST Partners’s COVANCE INC. CVD Stock Holding History

EARNEST Partners’s Portfolio CVD Stock Details CVD Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-1,448,017	Closed	-$150M	–	400
2014 Q4	$150M	Sell	1,448,017 -33,387	-2%	-$3.13M	1.23%	13
2014 Q3	$117M	Sell	1,481,404 -18,933	-1%	-$1.61M	0.97%	29
2014 Q2	$128M	Sell	1,500,337 -36,978	-2%	-$3.29M	1.02%	25
2014 Q1	$160M	Sell	1,537,315 -48,503	-3%	-$4.81M	1.28%	14
2013 Q4	$140M	Buy	+1,585,818	New	+$137M	1.12%	19

Other funds holding CVD

California Public Employees Retirement System Sacramento, California $177B AUM 39.86% 1-Year Est. Return

Burney Company Reston, Virginia $3.71B AUM 37.66% 1-Year Est. Return

EARNEST Partners's CVD Position: Q1 2015 in Review

EARNEST Partners sold out of COVANCE INC. (CVD) in Q1 2015, closing a stake of 1,448,017 shares — an estimated $150M sold.

EARNEST Partners first reported a position in CVD in Q4 2013 and held it in 5 quarters. The position peaked at $160M in Q1 2014. 2 funds tracked by Wall St. Rank hold CVD as of Q1 2015.

EARNEST Partners reported no remaining COVANCE INC. position as of Q1 2015 after selling out during the quarter.
EARNEST Partners sold 1,448,017 COVANCE INC. shares in Q1 2015, an estimated $150M.
EARNEST Partners first reported a position in COVANCE INC. in Q4 2013 and held it in 5 quarters.
EARNEST Partners's COVANCE INC. position peaked at $160M in Q1 2014.
2 funds tracked by Wall St. Rank held COVANCE INC. as of Q1 2015.

Based on EARNEST Partners's 13F filing for Q1 2015, filed 15 May 2015.