Highfields Capital Management’s American International AIG Stock Holding History

Highfields Capital Management’s Portfolio AIG Stock Details AIG Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-3,030,000	Closed	-$164M	–	76
2014 Q3	$164M	Sell	3,030,000 -1,920,000	-39%	-$105M	1.28%	26
2014 Q2	$270M	Sell	4,950,000 -1,500,000	-23%	-$79.4M	1.98%	14
2014 Q1	$323M	Buy	6,450,000 +1,000,000	+18%	+$49.7M	2.7%	11
2013 Q4	$278M	Buy	5,450,000 +550,000	+11%	+$27.4M	2.26%	11
2013 Q3	$238M	Hold	4,900,000	–	–	1.88%	16
2013 Q2	$219M	Buy	+4,900,000	New	+$210M	1.81%	15

Other funds holding AIG

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

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

FCM

Fairholme Capital Management South Miami, Florida $1.49B AUM 28.35% 1-Year Est. Return

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

BIT

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

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

Wellington Management Group Boston, Massachusetts $580B AUM 38.23% 1-Year Est. Return

Franklin Resources San Mateo, California $462B AUM 39.16% 1-Year Est. Return

Hotchkis & Wiley Capital Management Los Angeles, California $34.3B AUM 22.63% 1-Year Est. Return

Northern Trust Chicago, Illinois $860B AUM 41.15% 1-Year Est. Return

Highfields Capital Management's AIG Position: Q4 2014 in Review

Highfields Capital Management sold out of American International (AIG) in Q4 2014, closing a stake of 3,030,000 shares — an estimated $164M sold.

Highfields Capital Management first reported a position in AIG in Q2 2013 and held it in 6 quarters. The position peaked at $323M in Q1 2014. 1,014 funds tracked by Wall St. Rank hold AIG as of Q4 2014.

Highfields Capital Management reported no remaining American International position as of Q4 2014 after selling out during the quarter.
Highfields Capital Management sold 3,030,000 American International shares in Q4 2014, an estimated $164M.
Highfields Capital Management first reported a position in American International in Q2 2013 and held it in 6 quarters.
Highfields Capital Management's American International position peaked at $323M in Q1 2014.
1,014 funds tracked by Wall St. Rank held American International as of Q4 2014.

Based on Highfields Capital Management's 13F filing for Q4 2014, filed 13 Feb 2015.