Independent Franchise Partners’s Kellanova K Stock Holding History

Independent Franchise Partners’s Portfolio K Stock Details K Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-4,428,436	Closed	-$272M	–	20
2014 Q4	$272M	Sell	4,428,436 -571,894	-11%	-$34.3M	3.6%	15
2014 Q3	$289M	Buy	5,000,330 +447,755	+10%	+$27M	4.02%	14
2014 Q2	$281M	Sell	4,552,575 -169,039	-4%	-$10.6M	4.28%	15
2014 Q1	$278M	Buy	4,721,614 +13,291	+0.3%	+$754K	4.54%	13
2013 Q4	$270M	Buy	4,708,323 +100,614	+2%	+$5.79M	4.29%	14
2013 Q3	$254M	Buy	4,607,709 +362,980	+9%	+$21.6M	4.31%	14
2013 Q2	$256M	Buy	+4,244,729	New	+$256M	4.89%	11

Other funds holding K

WKKFT

W.K. Kellogg Foundation Trust Battle Creek, Michigan $3.7B AUM 1.51% 1-Year Est. Return

KeyBank National Association Cleveland, Ohio $30.4B AUM 27.51% 1-Year Est. Return

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

Massachusetts Financial Services Boston, Massachusetts $298B AUM 21.96% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

BIT

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

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

State Farm Mutual Automobile Insurance Bloomington, Illinois $127B AUM 32.55% 1-Year Est. Return

Lazard Asset Management New York $60.8B AUM 22.47% 1-Year Est. Return

Independent Franchise Partners's K Position: Q1 2015 in Review

Independent Franchise Partners sold out of Kellanova (K) in Q1 2015, closing a stake of 4,428,436 shares — an estimated $272M sold.

Independent Franchise Partners first reported a position in K in Q2 2013 and held it in 7 quarters. The position peaked at $289M in Q3 2014. 641 funds tracked by Wall St. Rank hold K as of Q1 2015.

Independent Franchise Partners reported no remaining Kellanova position as of Q1 2015 after selling out during the quarter.
Independent Franchise Partners sold 4,428,436 Kellanova shares in Q1 2015, an estimated $272M.
Independent Franchise Partners first reported a position in Kellanova in Q2 2013 and held it in 7 quarters.
Independent Franchise Partners's Kellanova position peaked at $289M in Q3 2014.
641 funds tracked by Wall St. Rank held Kellanova as of Q1 2015.

Based on Independent Franchise Partners's 13F filing for Q1 2015, filed 30 Apr 2015.