Highfields Capital Management’s VEREIT, Inc. VER Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q3	–	Sell	-1,303,000	Closed	-$48.5M	–	65
2018 Q2	$48.5M	Sell	1,303,000 -1,840,000	-59%	-$64.6M	0.56%	35
2018 Q1	$109M	Sell	3,143,000 -400,000	-11%	-$14.2M	1%	29
2017 Q4	$138M	Buy	3,543,000 +2,000	+0.1%	+$80.2K	1.19%	29
2017 Q3	$147M	Buy	3,541,000 +240,000	+7%	+$10.1M	1.28%	25
2017 Q2	$134M	Buy	3,301,000 +1,400,000	+74%	+$57.9M	1.05%	28
2017 Q1	$80.7M	Hold	1,901,000	–	–	0.75%	33
2016 Q4	$80.4M	Hold	1,901,000	–	–	0.71%	39
2016 Q3	$98.6M	Sell	1,901,000 -400,000	-17%	-$20.8M	0.99%	31
2016 Q2	$117M	Hold	2,301,000	–	–	1.12%	31
2016 Q1	$102M	Buy	2,301,000 +1,000,000	+77%	+$39.7M	1.03%	32
2015 Q4	$51.5M	Hold	1,301,000	–	–	0.46%	41
2015 Q3	$50.2M	Hold	1,301,000	–	–	0.46%	45
2015 Q2	$52.9M	Buy	1,301,000 +663,000	+104%	+$29.9M	0.49%	39
2015 Q1	$31.4M	Buy	+638,000	New	+$30.5M	0.29%	46