Fir Tree Capital Management’s Cigna CI Stock Holding History

Fir Tree Capital Management’s Portfolio CI Stock Details CI Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q3	–	Sell	-1,110,000	Closed	-$142M	–	61
2016 Q2	$142M	Buy	1,110,000 +392,973	+55%	+$51.9M	5.82%	7
2016 Q1	$98.4M	Sell	717,027 -126,314	-15%	-$17.3M	3.73%	11
2015 Q4	$123M	Buy	+843,341	New	+$116M	2.19%	19
2015 Q2	–	Sell	-499,480	Closed	-$64.7M	–	61
2015 Q1	$64.7M	Sell	499,480 -191,000	-28%	-$22.2M	0.92%	28
2014 Q4	$71.1M	Hold	690,480	–	–	0.74%	39
2014 Q3	$62.6M	Sell	690,480 -367,200	-35%	-$34.3M	0.7%	40
2014 Q2	$97.3M	Sell	1,057,680 -1,441,821	-58%	-$124M	1.05%	31
2014 Q1	$209M	Buy	2,499,501 +1,013,293	+68%	+$83.4M	2.34%	17
2013 Q4	$130M	Sell	1,486,208 -1,440,920	-49%	-$118M	1.48%	26
2013 Q3	$225M	Buy	2,927,128 +668,627	+30%	+$52.2M	3.07%	12
2013 Q2	$164M	Buy	+2,258,501	New	+$152M	2.26%	14

Other funds holding CI

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

Dodge & Cox San Francisco, California $191B AUM 17.5% 1-Year Est. Return

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

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $580B AUM 38.23% 1-Year Est. Return

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

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

GCM

Glenview Capital Management New York $5.49B AUM 46.89% 1-Year Est. Return

Sanders Capital West Palm Beach, Florida $99.8B AUM 47.9% 1-Year Est. Return

JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return

Fir Tree Capital Management's CI Position: Q3 2016 in Review

Fir Tree Capital Management sold out of Cigna (CI) in Q3 2016, closing a stake of 1,110,000 shares — an estimated $142M sold.

Fir Tree Capital Management first reported a position in CI in Q2 2013 and held it in 11 quarters. The position peaked at $225M in Q3 2013. 701 funds tracked by Wall St. Rank hold CI as of Q3 2016.

Fir Tree Capital Management reported no remaining Cigna position as of Q3 2016 after selling out during the quarter.
Fir Tree Capital Management sold 1,110,000 Cigna shares in Q3 2016, an estimated $142M.
Fir Tree Capital Management first reported a position in Cigna in Q2 2013 and held it in 11 quarters.
Fir Tree Capital Management's Cigna position peaked at $225M in Q3 2013.
701 funds tracked by Wall St. Rank held Cigna as of Q3 2016.

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