Jana Partners’s Zimmer Biomet ZBH Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2020 Q1	–	Sell	-350,000	Closed	-$52.4M	–	11
2019 Q4	$52.4M	Sell	350,000 -450,000	-56%	-$67.4M	4.36%	7
2019 Q3	$110M	Sell	800,000 -1,073,201	-57%	-$147M	8.85%	5
2019 Q2	$221M	Buy	1,873,201 +9,500	+0.5%	+$1.12M	18.44%	2
2019 Q1	$238M	Sell	1,863,701 -425,170	-19%	-$54.3M	22.73%	2
2018 Q4	$237M	Sell	2,288,871 -151,801	-6%	-$15.7M	10.86%	2
2018 Q3	$321M	Sell	2,440,672 -408,453	-14%	-$53.7M	9.75%	2
2018 Q2	$318M	Sell	2,849,125 -261,545	-8%	-$29.1M	8.4%	2
2018 Q1	$339M	Sell	3,110,670 -743,830	-19%	-$81.1M	10.1%	3
2017 Q4	$465M	Sell	3,854,500 -807,997	-17%	-$97.5M	12.29%	2
2017 Q3	$546M	Buy	4,662,497 +1,467,197	+46%	+$172M	11.16%	2
2017 Q2	$410M	Buy	+3,195,300	New	+$410M	5.83%	5