Herndon Capital Management’s Ultra Petroleum Corp. Common Stock UPL Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-6,300,131	Closed	-$169M	–	174
2014 Q1	$169M	Buy	6,300,131 +44,286	+0.7%	+$1.06M	2.16%	19
2013 Q4	$135M	Sell	6,255,845 -4,288,440	-41%	-$87.4M	1.71%	36
2013 Q3	$217M	Buy	10,544,285 +905,162	+9%	+$19.1M	2.85%	4
2013 Q2	$191M	Buy	+9,639,123	New	+$206M	2.85%	5

Other funds holding UPL

Baillie Gifford & Co Edinburgh, United Kingdom $110B AUM 4.8% 1-Year Est. Return

Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return

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

CI Investments Inc Toronto, Ontario, Canada $31.2B AUM 40.61% 1-Year Est. Return

Harris Associates Chicago, Illinois $75.4B AUM 14.46% 1-Year Est. Return

Heartland Advisors Milwaukee, Wisconsin $2.25B AUM 44.61% 1-Year Est. Return

First Manhattan New York $39.2B AUM 21.04% 1-Year Est. Return

Citadel Advisors Miami, Florida $875B AUM 40.91% 1-Year Est. Return

DSA

Davis Selected Advisers Tucson, Arizona $23.3B AUM 26.95% 1-Year Est. Return

BIT

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

Herndon Capital Management's UPL Position: Q2 2014 in Review

Herndon Capital Management sold out of Ultra Petroleum Corp. Common Stock (UPL) in Q2 2014, closing a stake of 6,300,131 shares — an estimated $169M sold.

Herndon Capital Management first reported a position in UPL in Q2 2013 and held it in 4 quarters. The position peaked at $217M in Q3 2013. 290 funds tracked by Wall St. Rank hold UPL as of Q2 2014.

Herndon Capital Management reported no remaining Ultra Petroleum Corp. Common Stock position as of Q2 2014 after selling out during the quarter.
Herndon Capital Management sold 6,300,131 Ultra Petroleum Corp. Common Stock shares in Q2 2014, an estimated $169M.
Herndon Capital Management first reported a position in Ultra Petroleum Corp. Common Stock in Q2 2013 and held it in 4 quarters.
Herndon Capital Management's Ultra Petroleum Corp. Common Stock position peaked at $217M in Q3 2013.
290 funds tracked by Wall St. Rank held Ultra Petroleum Corp. Common Stock as of Q2 2014.

Based on Herndon Capital Management's 13F filing for Q2 2014, filed 13 Aug 2014.