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

Kingstown Capital Management’s Portfolio VER Stock Details VER Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-1,000,000	Closed	-$38.6M	–	24
2015 Q3	$38.6M	Hold	1,000,000	–	–	4.34%	11
2015 Q2	$40.6M	Buy	1,000,000 +200,000	+25%	+$9.02M	5.23%	9
2015 Q1	$39.4M	Hold	800,000	–	–	5.13%	10
2014 Q4	$36.2M	Buy	+800,000	New	+$39.2M	5.25%	11
2014 Q2	–	Sell	-650,000	Closed	-$45.6M	–	20
2014 Q1	$45.6M	Sell	650,000 -50,000	-7%	-$3.48M	5.7%	9
2013 Q4	$45M	Buy	+700,000	New	+$45.3M	5.58%	8

Other funds holding VER

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

Corvex Management New York $3.27B AUM 38.53% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

BIT

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

CI Investments Inc Toronto, Ontario, Canada $31.2B AUM 40.61% 1-Year Est. Return

CIMLRA

CBRE Investment Management Listed Real Assets Radnor, Pennsylvania $7.18B AUM 18.15% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

GCM

Glenview Capital Management New York $5.49B AUM 46.89% 1-Year Est. Return

TIM

Thornburg Investment Management Santa Fe, New Mexico $10.5B AUM 30.38% 1-Year Est. Return

Credit Suisse Zurich, Switzerland $104B AUM 34.76% 1-Year Est. Return

Kingstown Capital Management's VER Position: Q4 2015 in Review

Kingstown Capital Management sold out of VEREIT, Inc. (VER) in Q4 2015, closing a stake of 1,000,000 shares — an estimated $38.6M sold.

Kingstown Capital Management first reported a position in VER in Q4 2013 and held it in 6 quarters. The position peaked at $45.6M in Q1 2014. 360 funds tracked by Wall St. Rank hold VER as of Q4 2015.

Kingstown Capital Management reported no remaining VEREIT, Inc. position as of Q4 2015 after selling out during the quarter.
Kingstown Capital Management sold 1,000,000 VEREIT, Inc. shares in Q4 2015, an estimated $38.6M.
Kingstown Capital Management first reported a position in VEREIT, Inc. in Q4 2013 and held it in 6 quarters.
Kingstown Capital Management's VEREIT, Inc. position peaked at $45.6M in Q1 2014.
360 funds tracked by Wall St. Rank held VEREIT, Inc. as of Q4 2015.

Based on Kingstown Capital Management's 13F filing for Q4 2015, filed 16 Feb 2016.