Makaira Partners’s Covanta Holding Corporation CVA Stock Holding History

Makaira Partners’s Portfolio CVA Stock Details CVA Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q2	–	Sell	-2,207,287	Closed	-$37.2M	–	13
2016 Q1	$37.2M	Sell	2,207,287 -1,020,501	-32%	-$15.1M	5.75%	7
2015 Q4	$50M	Sell	3,227,788 -79,673	-2%	-$1.3M	8.25%	7
2015 Q3	$57.7M	Buy	3,307,461 +298,300	+10%	+$5.9M	9.39%	6
2015 Q2	$63.8M	Hold	3,009,161	–	–	9.79%	6
2015 Q1	$67.5M	Hold	3,009,161	–	–	11.74%	5
2014 Q4	$66.2M	Sell	3,009,161 -150,000	-5%	-$3.38M	11.69%	5
2014 Q3	$67M	Sell	3,159,161 -189,557	-6%	-$3.95M	11.7%	5
2014 Q2	$69M	Sell	3,348,718 -16,772	-0.5%	-$317K	11.43%	5
2014 Q1	$60.7M	Buy	3,365,490 +10,700	+0.3%	+$189K	10.89%	4
2013 Q4	$59.5M	Buy	3,354,790 +941,247	+39%	+$17.4M	11.03%	5
2013 Q3	$51.6M	Hold	2,413,543	–	–	10.96%	4
2013 Q2	$48.3M	Buy	+2,413,543	New	+$48.3M	10.44%	4

Other funds holding CVA

Capital International Investors Los Angeles, California $427B AUM 29.17% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

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

Neuberger Berman Group New York $131B AUM 28.36% 1-Year Est. Return

LCS

Levin Capital Strategies New York $1.32B AUM 28.11% 1-Year Est. Return

FPP

Findlay Park Partners London, United Kingdom $7.17B AUM 17.27% 1-Year Est. Return

BIT

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

VFA

Virtus Fund Advisers Hartford, Connecticut $32.1M AUM 39.5% 1-Year Est. Return

TSW

Thompson Siegel & Walmsley Richmond, Virginia $5.7B AUM 6.69% 1-Year Est. Return

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

Makaira Partners's CVA Position: Q2 2016 in Review

Makaira Partners sold out of Covanta Holding Corporation (CVA) in Q2 2016, closing a stake of 2,207,287 shares — an estimated $37.2M sold.

Makaira Partners first reported a position in CVA in Q2 2013 and held it in 12 quarters. The position peaked at $69M in Q2 2014. 232 funds tracked by Wall St. Rank hold CVA as of Q2 2016.

Makaira Partners reported no remaining Covanta Holding Corporation position as of Q2 2016 after selling out during the quarter.
Makaira Partners sold 2,207,287 Covanta Holding Corporation shares in Q2 2016, an estimated $37.2M.
Makaira Partners first reported a position in Covanta Holding Corporation in Q2 2013 and held it in 12 quarters.
Makaira Partners's Covanta Holding Corporation position peaked at $69M in Q2 2014.
232 funds tracked by Wall St. Rank held Covanta Holding Corporation as of Q2 2016.

Based on Makaira Partners's 13F filing for Q2 2016, filed 15 Aug 2016.