Elliott Management’s CDK Global, Inc. CDK Stock Holding History

Elliott Management’s Portfolio CDK Stock Details CDK Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q4	–	Sell	-578,589	Closed	-$36.2M	–	95
2018 Q3	$36.2M	Sell	578,589 -4,023,579	-87%	-$255M	0.16%	51
2018 Q2	$299M	Sell	4,602,168 -3,507,832	-43%	-$227M	1.48%	17
2018 Q1	$514M	Hold	8,110,000	–	–	2.88%	11
2017 Q4	$578M	Hold	8,110,000	–	–	3.62%	8
2017 Q3	$512M	Hold	8,110,000	–	–	3.02%	11
2017 Q2	$503M	Hold	8,110,000	–	–	3.16%	10
2017 Q1	$527M	Hold	8,110,000	–	–	3.97%	7
2016 Q4	$484M	Hold	8,110,000	–	–	3.63%	8
2016 Q3	$465M	Hold	8,110,000	–	–	3.8%	8
2016 Q2	$450M	Hold	8,110,000	–	–	3.87%	9
2016 Q1	$378M	Buy	8,110,000 +64,206	+0.8%	+$2.86M	3.96%	8
2015 Q4	$382M	Buy	8,045,794 +109,479	+1%	+$5.31M	4.62%	7
2015 Q3	$379M	Buy	7,936,315 +1,342,100	+20%	+$68.1M	7.26%	5
2015 Q2	$356M	Buy	6,594,215 +4,004,215	+155%	+$205M	4.99%	6
2015 Q1	$121M	Buy	+2,590,000	New	+$118M	1.49%	17

Other funds holding CDK

BlackRock New York $6.73T AUM 46.02% 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

T. Rowe Price Associates Baltimore, Maryland $999B AUM 46.22% 1-Year Est. Return

Boston Partners Boston, Massachusetts $113B AUM 38.87% 1-Year Est. Return

TSW

Thompson Siegel & Walmsley Richmond, Virginia $5.57B AUM 9.46% 1-Year Est. Return

Principal Financial Group Des Moines, Iowa $204B AUM 27.99% 1-Year Est. Return

Bank of New York Mellon New York $609B AUM 40.19% 1-Year Est. Return

LCM

Lakewood Capital Management New York $1.94B AUM 9.49% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Elliott Management's CDK Position: Q4 2018 in Review

Elliott Management sold out of CDK Global, Inc. (CDK) in Q4 2018, closing a stake of 578,589 shares — an estimated $36.2M sold.

Elliott Management first reported a position in CDK in Q1 2015 and held it in 15 quarters. The position peaked at $578M in Q4 2017. 572 funds tracked by Wall St. Rank hold CDK as of Q4 2018.

Elliott Management reported no remaining CDK Global, Inc. position as of Q4 2018 after selling out during the quarter.
Elliott Management sold 578,589 CDK Global, Inc. shares in Q4 2018, an estimated $36.2M.
Elliott Management first reported a position in CDK Global, Inc. in Q1 2015 and held it in 15 quarters.
Elliott Management's CDK Global, Inc. position peaked at $578M in Q4 2017.
572 funds tracked by Wall St. Rank held CDK Global, Inc. as of Q4 2018.

Based on Elliott Management's 13F filing for Q4 2018, filed 14 Feb 2019.