Herndon Capital Management’s SM Energy SM Stock Holding History

Herndon Capital Management’s Portfolio SM Stock Details SM Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-2,470,690	Closed	-$48.6M	–	205
2015 Q4	$48.6M	Sell	2,470,690 -274,833	-10%	-$8.38M	1.03%	37
2015 Q3	$88M	Sell	2,745,523 -237,551	-8%	-$8.62M	1.72%	32
2015 Q2	$138M	Buy	2,983,074 +919,950	+45%	+$48.5M	2.29%	27
2015 Q1	$107M	Sell	2,063,124 -210,856	-9%	-$9.15M	1.59%	36
2014 Q4	$87.7M	Sell	2,273,980 -36,090	-2%	-$1.81M	1.19%	37
2014 Q3	$171M	Buy	2,310,070 +649,548	+39%	+$53M	2.26%	15
2014 Q2	$140M	Sell	1,660,522 -1,111,532	-40%	-$85.2M	1.75%	33
2014 Q1	$198M	Buy	2,772,054 +1,932,044	+230%	+$151M	2.53%	12
2013 Q4	$69.8M	Buy	+840,010	New	+$71.7M	0.88%	47

Other funds holding SM

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Capital Research Global Investors Los Angeles, California $645B AUM 30.41% 1-Year Est. Return

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

KGH Ltd Nassau, Bahamas $1.92B AUM 13.96% 1-Year Est. Return

CCM

Causeway Capital Management Los Angeles, California $8.15B AUM 29.28% 1-Year Est. Return

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

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

SCM

Schneider Capital Management Berwyn, Pennsylvania $175M AUM 42.51% 1-Year Est. Return

Millennium Management New York $240B AUM 35.51% 1-Year Est. Return

First Trust Advisors Wheaton, Illinois $140B AUM 27.84% 1-Year Est. Return

Herndon Capital Management's SM Position: Q1 2016 in Review

Herndon Capital Management sold out of SM Energy (SM) in Q1 2016, closing a stake of 2,470,690 shares — an estimated $48.6M sold.

Herndon Capital Management first reported a position in SM in Q4 2013 and held it in 9 quarters. The position peaked at $198M in Q1 2014. 225 funds tracked by Wall St. Rank hold SM as of Q1 2016.

Herndon Capital Management reported no remaining SM Energy position as of Q1 2016 after selling out during the quarter.
Herndon Capital Management sold 2,470,690 SM Energy shares in Q1 2016, an estimated $48.6M.
Herndon Capital Management first reported a position in SM Energy in Q4 2013 and held it in 9 quarters.
Herndon Capital Management's SM Energy position peaked at $198M in Q1 2014.
225 funds tracked by Wall St. Rank held SM Energy as of Q1 2016.

Based on Herndon Capital Management's 13F filing for Q1 2016, filed 13 May 2016.