Echo Street Capital Management’s TIM HORTONS INC COM, CANADA THI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-74,802	Closed	-$4.14M	–	165
2014 Q1	$4.14M	Buy	74,802 +44,002	+143%	+$2.43M	0.32%	95
2013 Q4	$1.8M	Buy	+30,800	New	+$1.8M	0.18%	83
2013 Q3	–	Sell	-43,748	Closed	-$2.37M	–	71
2013 Q2	$2.37M	Buy	+43,748	New	+$2.37M	0.36%	43