Elliott Management’s Sabesp SBS Stock Holding History

Elliott Management’s Portfolio SBS Stock Details SBS Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q3	–	Sell	-41,781,157	Closed	-$72.6M	–	88
2016 Q2	$72.6M	Sell	41,781,157 -40,181,557	-49%	-$58.6M	0.62%	35
2016 Q1	$105M	Hold	81,962,714	–	–	1.1%	23
2015 Q4	$73.1M	Hold	81,962,714	–	–	0.88%	28
2015 Q3	$61.7M	Buy	81,962,714 +6,373,250	+8%	+$5.73M	1.18%	21
2015 Q2	$75.9M	Hold	75,589,464	–	–	1.06%	19
2015 Q1	$79.5M	Hold	75,589,464	–	–	0.98%	19
2014 Q4	$92.2M	Buy	75,589,464 +257,826	+0.3%	+$368K	0.96%	21
2014 Q3	$118M	Buy	75,331,638 +1,663,350	+2%	+$3.01M	1.35%	17
2014 Q2	$153M	Buy	73,668,288 +232,142	+0.3%	+$445K	2.14%	12
2014 Q1	$132M	Buy	73,436,146 +48,514,162	+195%	+$88.3M	2.59%	8
2013 Q4	$54.8M	Buy	+24,921,984	New	+$51.3M	1.24%	13

Other funds holding SBS

WPL

WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return

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

Arrowstreet Capital Boston, Massachusetts $185B AUM 39.58% 1-Year Est. Return

UBS AM Chicago, Illinois $481B AUM 26.39% 1-Year Est. Return

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

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Brookfield Corp Toronto, Ontario, Canada $74.2B AUM 0.68% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

LBA

Letko, Brosseau & Associates Montreal, Quebec, Canada $6.2B AUM 38.92% 1-Year Est. Return

IAMU

Impax Asset Management (UK) London, United Kingdom $4.12B AUM 10.79% 1-Year Est. Return

Elliott Management's SBS Position: Q3 2016 in Review

Elliott Management sold out of Sabesp (SBS) in Q3 2016, closing a stake of 41,781,157 shares — an estimated $72.6M sold.

Elliott Management first reported a position in SBS in Q4 2013 and held it in 11 quarters. The position peaked at $153M in Q2 2014. 188 funds tracked by Wall St. Rank hold SBS as of Q3 2016.

Elliott Management reported no remaining Sabesp position as of Q3 2016 after selling out during the quarter.
Elliott Management sold 41,781,157 Sabesp shares in Q3 2016, an estimated $72.6M.
Elliott Management first reported a position in Sabesp in Q4 2013 and held it in 11 quarters.
Elliott Management's Sabesp position peaked at $153M in Q2 2014.
188 funds tracked by Wall St. Rank held Sabesp as of Q3 2016.

Based on Elliott Management's 13F filing for Q3 2016, filed 14 Nov 2016.