Generation Investment Management’s Northern Trust NTRS Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-1,489,069	Closed	-$92.2M	–	28
2013 Q4	$92.2M	Sell	1,489,069 -614,525	-29%	-$38M	1.69%	19
2013 Q3	$114M	Buy	2,103,594 +57,789	+3%	+$3.14M	2.18%	16
2013 Q2	$118M	Buy	+2,045,805	New	+$118M	2.29%	17