Ensemble Capital Management’s Plains All American Pipeline PAA Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q2	–	Sell	-13,944	Closed	-$307K	–	37
2018 Q1	$307K	Buy	+13,944	New	+$307K	0.06%	31
2017 Q2	–	Sell	-9,100	Closed	-$288K	–	38
2017 Q1	$288K	Hold	9,100	–	–	0.07%	37
2016 Q4	$294K	Sell	9,100 -3,540	-28%	-$112K	0.07%	41
2016 Q3	$397K	Sell	12,640 -2,533	-17%	-$72.4K	0.1%	33
2016 Q2	$417K	Buy	15,173 +3,173	+26%	+$76.8K	0.12%	35
2016 Q1	$252K	Sell	12,000 -5,313	-31%	-$112K	0.08%	41
2015 Q4	$400K	Sell	17,313 -18,300	-51%	-$493K	0.12%	43
2015 Q3	$1.08M	Hold	35,613	–	–	0.34%	29
2015 Q2	$1.55M	Sell	35,613 -3,460	-9%	-$166K	0.46%	31
2015 Q1	$1.91M	Sell	39,073 -1,000	-2%	-$49.6K	0.6%	27
2014 Q4	$2.06M	Sell	40,073 -7,000	-15%	-$372K	0.69%	26
2014 Q3	$2.77M	Hold	47,073	–	–	0.96%	27
2014 Q2	$2.83M	Hold	47,073	–	–	1.01%	28
2014 Q1	$2.6M	Hold	47,073	–	–	1.03%	27
2013 Q4	$2.44M	Sell	47,073 -1,000	-2%	-$51.1K	0.98%	26
2013 Q3	$2.53M	Buy	48,073 +4,773	+11%	+$255K	1.12%	27
2013 Q2	$2.42M	Buy	+43,300	New	+$2.45M	1.12%	29