Hermes Investment Management’s White Mountains Insurance WTM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q2	$25.5M	Buy	28,139 +635	+2%	+$559K	0.34%	106
2018 Q1	$22.6M	Sell	27,504 -146	-0.5%	-$121K	0.33%	102
2017 Q4	$23.5M	Sell	27,650 -2,825	-9%	-$2.47M	0.34%	104
2017 Q3	$26.1M	Sell	30,475 -1,998	-6%	-$1.72M	0.39%	89
2017 Q2	$28.2M	Sell	32,473 -2,073	-6%	-$1.8M	0.46%	85
2017 Q1	$30.4M	Buy	34,546 +946	+3%	+$847K	0.49%	81
2016 Q4	$28.1M	Buy	33,600 +8,428	+33%	+$7.06M	0.48%	81
2016 Q3	$20.9M	Buy	25,172 +2,204	+10%	+$1.82M	0.35%	105
2016 Q2	$19.3M	Buy	22,968 +7,710	+51%	+$6.29M	0.39%	95
2016 Q1	$12.3M	Sell	15,258 -11,955	-44%	-$8.94M	0.26%	116
2015 Q4	$19.8M	Buy	27,213 +1,324	+5%	+$1.01M	0.45%	93
2015 Q3	$19.3M	Sell	25,889 -281	-1%	-$202K	0.5%	94
2015 Q2	$17.1M	Buy	26,170 +114	+0.4%	+$75.6K	0.39%	112
2015 Q1	$17.8M	Buy	26,056 +4,091	+19%	+$2.7M	0.41%	110
2014 Q4	$13.8M	Sell	21,965 -21,052	-49%	-$13.4M	0.36%	112
2014 Q3	$27.1M	Buy	43,017 +609	+1%	+$380K	0.7%	65
2014 Q2	$25.8M	Sell	42,408 -8,792	-17%	-$5.24M	0.71%	62
2014 Q1	$30.7M	Sell	51,200 -1,755	-3%	-$1.02M	0.97%	50
2013 Q4	$31.9M	Buy	52,955 +3,200	+6%	+$1.89M	0.97%	48
2013 Q3	$28.2M	Buy	49,755 +6,363	+15%	+$3.7M	0.95%	52
2013 Q2	$24.9M	Buy	+43,392	New	+$25.3M	0.97%	46