Factory Mutual Insurance’s Norfolk Southern NSC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q3	–	Sell	-72,800	Closed	-$11M	–	151
2018 Q2	$11M	Hold	72,800	–	–	0.12%	142
2018 Q1	$9.88M	Hold	72,800	–	–	0.11%	143
2017 Q4	$10.5M	Hold	72,800	–	–	0.11%	147
2017 Q3	$9.63M	Buy	72,800 +2,500	+4%	+$304K	0.11%	142
2017 Q2	$8.55M	Hold	70,300	–	–	0.1%	145
2017 Q1	$7.87M	Sell	70,300 -110,000	-61%	-$12.9M	0.09%	151
2016 Q4	$19.3M	Hold	180,300	–	–	0.23%	125
2016 Q3	$17.5M	Sell	180,300 -20,000	-10%	-$1.82M	0.22%	126
2016 Q2	$17.1M	Sell	200,300 -103,400	-34%	-$8.79M	0.22%	122
2016 Q1	$25.3M	Sell	303,700 -32,400	-10%	-$2.45M	0.33%	110
2015 Q4	$28.4M	Sell	336,100 -191,000	-36%	-$16.3M	0.38%	92
2015 Q3	$40.3M	Hold	527,100	–	–	0.55%	67
2015 Q2	$46M	Sell	527,100 -40,000	-7%	-$3.9M	0.6%	63
2015 Q1	$58.4M	Hold	567,100	–	–	0.77%	43
2014 Q4	$62.2M	Hold	567,100	–	–	0.84%	38
2014 Q3	$63.3M	Sell	567,100 -43,700	-7%	-$4.63M	0.88%	36
2014 Q2	$62.9M	Buy	610,800 +20,000	+3%	+$1.96M	0.86%	37
2014 Q1	$57.4M	Hold	590,800	–	–	0.83%	43
2013 Q4	$54.8M	Sell	590,800 -10,000	-2%	-$858K	0.81%	48
2013 Q3	$46.5M	Hold	600,800	–	–	0.74%	50
2013 Q2	$43.6M	Buy	+600,800	New	+$45.9M	0.72%	50