Lyrical Asset Management’s Willis Towers Watson WTW Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q1	–	Sell	-1,634,297	Closed	-$248M	–	40
2018 Q4	$248M	Sell	1,634,297 -130,257	-7%	-$19.5M	3.75%	9
2018 Q3	$249M	Buy	1,764,554 +26,010	+1%	+$3.93M	3%	14
2018 Q2	$264M	Buy	1,738,544 +39,251	+2%	+$5.97M	3.29%	13
2018 Q1	$259M	Buy	1,699,293 +142,244	+9%	+$22.3M	3.17%	14
2017 Q4	$235M	Buy	1,557,049 +60,355	+4%	+$9.53M	2.87%	17
2017 Q3	$231M	Buy	1,496,694 +32,272	+2%	+$4.82M	3.01%	16
2017 Q2	$213M	Buy	1,464,422 +76,761	+6%	+$10.7M	3%	18
2017 Q1	$182M	Buy	1,387,661 +62,167	+5%	+$7.9M	2.92%	19
2016 Q4	$162M	Buy	1,325,494 +53,005	+4%	+$6.61M	2.89%	22
2016 Q3	$169M	Sell	1,272,489 -25,240	-2%	-$3.14M	3.31%	11
2016 Q2	$161M	Buy	1,297,729 +43,704	+3%	+$5.39M	3.37%	11
2016 Q1	$149M	Buy	1,254,025 +254,089	+25%	+$29.3M	3.24%	14
2015 Q4	$129M	Buy	999,936 +27,381	+3%	+$3.24M	3.16%	14
2015 Q3	$115M	Buy	972,555 +120,217	+14%	+$14.3M	2.74%	22
2015 Q2	$106M	Buy	852,338 +122,047	+17%	+$15.6M	2.77%	22
2015 Q1	$93.2M	Buy	730,291 +1,925	+0.3%	+$236K	2.79%	22
2014 Q4	$86.5M	Buy	728,366 +172,518	+31%	+$19.3M	2.62%	26
2014 Q3	$61M	Buy	555,848 +91,668	+20%	+$10.2M	2.38%	29
2014 Q2	$53.2M	Buy	464,180 +97,182	+26%	+$10.9M	2.32%	31
2014 Q1	$42.9M	Buy	366,998 +40,630	+12%	+$4.62M	2.4%	32
2013 Q4	$38.7M	Buy	326,368 +135,046	+71%	+$16M	2.47%	31
2013 Q3	$22M	Buy	191,322 +46,776	+32%	+$5.28M	2.58%	31
2013 Q2	$15.6M	Buy	+144,546	New	+$15.3M	2.54%	28