Ivory Investment Management’s Hilton Worldwide HLT Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q4	–	Sell	-171,566	Closed	-$11.9M	–	57
2017 Q3	$11.9M	Sell	171,566 -228,642	-57%	-$14.6M	0.6%	42
2017 Q2	$24.8M	Sell	400,208 -47,367	-11%	-$2.95M	0.94%	34
2017 Q1	$26.2M	Buy	447,575 +59,262	+15%	+$3.44M	0.94%	37
2016 Q4	$31.7M	Sell	388,313 -139,952	-26%	-$10.3M	1.3%	29
2016 Q3	$36.3M	Sell	528,265 -258,587	-33%	-$18.2M	1.08%	36
2016 Q2	$53.2M	Sell	786,852 -107,300	-12%	-$7.04M	1.85%	23
2016 Q1	$60.4M	Sell	894,152 -196,580	-18%	-$11.7M	2.11%	17
2015 Q4	$70M	Buy	1,090,732 +240,931	+28%	+$17.1M	1.93%	19
2015 Q3	$58.5M	Buy	849,801 +276	+0%	+$21.3K	1.59%	23
2015 Q2	$70.2M	Buy	849,525 +439,865	+107%	+$38.6M	1.72%	26
2015 Q1	$36.4M	Sell	409,660 -114,909	-22%	-$9.5M	1.02%	40
2014 Q4	$41.1M	Buy	524,569 +107,227	+26%	+$8.03M	1.49%	27
2014 Q3	$30.8M	Buy	417,342 +308,217	+282%	+$22.9M	1.26%	24
2014 Q2	$7.63M	Buy	+109,125	New	+$7.26M	0.36%	73
2014 Q1	–	Sell	-8,333	Closed	-$556K	–	210
2013 Q4	$556K	Buy	+8,333	New	+$545K	0.03%	188