Fir Tree Capital Management’s CDK Global, Inc. CDK Stock Holding History

Fir Tree Capital 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
2017 Q3	–	Sell	-1,165,053	Closed	-$72.3M	–	80
2017 Q2	$72.3M	Sell	1,165,053 -1,565,288	-57%	-$98.2M	2.18%	16
2017 Q1	$177M	Sell	2,730,341 -1,064,442	-28%	-$68.2M	7.02%	4
2016 Q4	$227M	Sell	3,794,783 -1,455,753	-28%	-$83.3M	9.14%	2
2016 Q3	$301M	Sell	5,250,536 -449,000	-8%	-$25.8M	12.89%	1
2016 Q2	$316M	Sell	5,699,536 -1,798,672	-24%	-$92.9M	12.95%	1
2016 Q1	$349M	Sell	7,498,208 -2,243,811	-23%	-$99.9M	13.22%	1
2015 Q4	$462M	Sell	9,742,019 -982,636	-9%	-$47.7M	8.21%	1
2015 Q3	$512M	Sell	10,724,655 -746,307	-7%	-$37.9M	8.59%	1
2015 Q2	$619M	Sell	11,470,962 -1,330,071	-10%	-$68.2M	9.86%	1
2015 Q1	$599M	Sell	12,801,033 -1,348,967	-10%	-$61.5M	8.54%	1
2014 Q4	$577M	Buy	+14,150,000	New	+$501M	6.01%	2

Other funds holding CDK

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

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

Elliott Management New York $11.8B AUM 20.29% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

BRC

Blue Ridge Capital New York $215M AUM

Credit Suisse Zurich, Switzerland $104B AUM 34.76% 1-Year Est. Return

OAG

Orbis Allan Gray Hamilton, Bermuda $23.7B AUM 65.43% 1-Year Est. Return

Principal Financial Group Des Moines, Iowa $187B AUM 18.48% 1-Year Est. Return

SCA

Southpoint Capital Advisors New York $4.86B AUM 34.09% 1-Year Est. Return

Fir Tree Capital Management's CDK Position: Q3 2017 in Review

Fir Tree Capital Management sold out of CDK Global, Inc. (CDK) in Q3 2017, closing a stake of 1,165,053 shares — an estimated $72.3M sold.

Fir Tree Capital Management first reported a position in CDK in Q4 2014 and held it in 11 quarters. The position peaked at $619M in Q2 2015. 555 funds tracked by Wall St. Rank hold CDK as of Q3 2017.

Fir Tree Capital Management reported no remaining CDK Global, Inc. position as of Q3 2017 after selling out during the quarter.
Fir Tree Capital Management sold 1,165,053 CDK Global, Inc. shares in Q3 2017, an estimated $72.3M.
Fir Tree Capital Management first reported a position in CDK Global, Inc. in Q4 2014 and held it in 11 quarters.
Fir Tree Capital Management's CDK Global, Inc. position peaked at $619M in Q2 2015.
555 funds tracked by Wall St. Rank held CDK Global, Inc. as of Q3 2017.

Based on Fir Tree Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.