First Eagle Investment Management’s NuStar GP Holdings LLC NSH Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-250,000	Closed	-$6.39M	–	366
2016 Q3	$6.39M	Hold	250,000	–	–	0.02%	182
2016 Q2	$6.41M	Hold	250,000	–	–	0.02%	188
2016 Q1	$5.18M	Hold	250,000	–	–	0.01%	179
2015 Q4	$5.29M	Hold	250,000	–	–	0.01%	174
2015 Q3	$6.68M	Hold	250,000	–	–	0.02%	167
2015 Q2	$9.52M	Hold	250,000	–	–	0.02%	165
2015 Q1	$8.85M	Sell	250,000 -66,638	-21%	-$2.37M	0.02%	165
2014 Q4	$10.9M	Sell	316,638 -556,612	-64%	-$20.6M	0.03%	163
2014 Q3	$38M	Sell	873,250 -916,078	-51%	-$38.6M	0.09%	133
2014 Q2	$70M	Sell	1,789,328 -708,486	-28%	-$24.9M	0.17%	106
2014 Q1	$85M	Sell	2,497,814 -755,215	-23%	-$23M	0.23%	92
2013 Q4	$91.4M	Buy	3,253,029 +203,315	+7%	+$5.36M	0.25%	89
2013 Q3	$68.4M	Hold	3,049,714	–	–	0.2%	96
2013 Q2	$81.5M	Buy	+3,049,714	New	+$90.4M	0.25%	84