Highfields Capital Management’s MGM Resorts International MGM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q2	–	Sell	-1,200,000	Closed	-$30.8M	–	8
2019 Q1	$30.8M	Sell	1,200,000 -1,000,000	-45%	-$27.4M	4.23%	8
2018 Q4	$53.4M	Sell	2,200,000 -1,214,000	-36%	-$31.7M	2.51%	16
2018 Q3	$95.3M	Buy	+3,414,000	New	+$99M	1.78%	22
2017 Q1	–	Sell	-2,610,306	Closed	-$75.3M	–	81
2016 Q4	$75.3M	Sell	2,610,306 -3,850,000	-60%	-$107M	0.62%	40
2016 Q3	$168M	Hold	6,460,306	–	–	1.58%	21
2016 Q2	$146M	Hold	6,460,306	–	–	1.27%	28
2016 Q1	$139M	Hold	6,460,306	–	–	1.29%	26
2015 Q4	$147M	Hold	6,460,306	–	–	1.26%	25
2015 Q3	$119M	Buy	6,460,306 +4,577,000	+243%	+$91.5M	1.05%	31
2015 Q2	$34.4M	Buy	+1,883,306	New	+$38.2M	0.31%	47