Herndon Capital Management’s Vale VALE Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-213,700	Closed	-$1.26M	–	224
2015 Q2	$1.26M	Sell	213,700 -36,406	-15%	-$244K	0.02%	101
2015 Q1	$1.41M	Sell	250,106 -2,974	-1%	-$21.6K	0.02%	103
2014 Q4	$2.07M	Sell	253,080 -4,458	-2%	-$41.7K	0.03%	85
2014 Q3	$2.84M	Sell	257,538 -6,458	-2%	-$86.2K	0.04%	75
2014 Q2	$3.49M	Sell	263,996 -5,483	-2%	-$74K	0.04%	79
2014 Q1	$3.73M	Buy	269,479 +25,489	+10%	+$348K	0.05%	70
2013 Q4	$3.72M	Sell	243,990 -14,456	-6%	-$225K	0.05%	79
2013 Q3	$4.03M	Sell	258,446 -754	-0.3%	-$11.2K	0.05%	73
2013 Q2	$3.41M	Buy	+259,200	New	+$4.07M	0.05%	83

Other funds holding VALE

AAM

Aberdeen Asset Management Aberdeen, United Kingdom $30B AUM 22.46% 1-Year Est. Return

SII

Silchester International Investors London, United Kingdom $62M AUM 14.06% 1-Year Est. Return

Capital World Investors Los Angeles, California $846B AUM 46.74% 1-Year Est. Return

Lazard Asset Management New York $66.1B AUM 33.53% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

Capital Research Global Investors Los Angeles, California $717B AUM 35.42% 1-Year Est. Return

AIM

abrdn Investment Management Edinburgh, United Kingdom $29.6B AUM 25.48% 1-Year Est. Return

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

Kiltearn Partners Edinburgh, United Kingdom $412M AUM 26.77% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Herndon Capital Management's VALE Position: Q3 2015 in Review

Herndon Capital Management sold out of Vale (VALE) in Q3 2015, closing a stake of 213,700 shares — an estimated $1.26M sold.

Herndon Capital Management first reported a position in VALE in Q2 2013 and held it in 9 quarters. The position peaked at $4.03M in Q3 2013. 265 funds tracked by Wall St. Rank hold VALE as of Q3 2015.

Herndon Capital Management reported no remaining Vale position as of Q3 2015 after selling out during the quarter.
Herndon Capital Management sold 213,700 Vale shares in Q3 2015, an estimated $1.26M.
Herndon Capital Management first reported a position in Vale in Q2 2013 and held it in 9 quarters.
Herndon Capital Management's Vale position peaked at $4.03M in Q3 2013.
265 funds tracked by Wall St. Rank held Vale as of Q3 2015.

Based on Herndon Capital Management's 13F filing for Q3 2015, filed 10 Nov 2015.