Kingdon Capital Management’s Chipotle Mexican Grill CMG Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-450,000	Closed	-$6M	–	132
2014 Q3	$6M	Sell	450,000 -597,500	-57%	-$7.97M	0.27%	82
2014 Q2	$12.4M	Buy	1,047,500 +547,500	+110%	+$6.49M	0.48%	53
2014 Q1	$5.68M	Hold	500,000	–	–	0.29%	81
2013 Q4	$5.33M	Buy	+500,000	New	+$5.33M	0.24%	95