Makaira Partners’s Maximus MMS Stock Holding History

Makaira Partners’s Portfolio MMS Stock Details MMS Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q1	–	Sell	-148,849	Closed	-$10.7M	–	12
2017 Q4	$10.7M	Buy	148,849 +6,600	+5%	+$444K	1.28%	10
2017 Q3	$9.18M	Sell	142,249 -904	-0.6%	-$55.4K	1.19%	9
2017 Q2	$8.97M	Buy	143,153 +8,480	+6%	+$526K	1.17%	10
2017 Q1	$8.38M	Sell	134,673 -2,980	-2%	-$175K	1.26%	9
2016 Q4	$7.68M	Hold	137,653	–	–	1.12%	9
2016 Q3	$7.79M	Sell	137,653 -304,047	-69%	-$17.7M	1.18%	10
2016 Q2	$24.5M	Hold	441,700	–	–	3.58%	9
2016 Q1	$23.3M	Buy	441,700 +308,400	+231%	+$15.7M	3.59%	9
2015 Q4	$7.5M	Hold	133,300	–	–	1.24%	10
2015 Q3	$7.94M	Sell	133,300 -1,700	-1%	-$108K	1.29%	11
2015 Q2	$8.87M	Hold	135,000	–	–	1.36%	12
2015 Q1	$9.01M	Hold	135,000	–	–	1.57%	12
2014 Q4	$7.4M	Buy	+135,000	New	+$6.56M	1.31%	11

Other funds holding MMS

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

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

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Victory Capital Management San Antonio, Texas $156B AUM 27.51% 1-Year Est. Return

BAMCO Inc New York $33.1B AUM 11.16% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Janus Henderson Group London, United Kingdom $209B AUM 37.72% 1-Year Est. Return

Bank of New York Mellon New York $544B AUM 28.31% 1-Year Est. Return

Mackenzie Financial Toronto Ontario, Ontario, Canada $83.3B AUM 31.19% 1-Year Est. Return

VBA

Van Berkom & Associates Montreal, Quebec, Canada $3.08B AUM 12.07% 1-Year Est. Return

Makaira Partners's MMS Position: Q1 2018 in Review

Makaira Partners sold out of Maximus (MMS) in Q1 2018, closing a stake of 148,849 shares — an estimated $10.7M sold.

Makaira Partners first reported a position in MMS in Q4 2014 and held it in 13 quarters. The position peaked at $24.5M in Q2 2016. 327 funds tracked by Wall St. Rank hold MMS as of Q1 2018.

Makaira Partners reported no remaining Maximus position as of Q1 2018 after selling out during the quarter.
Makaira Partners sold 148,849 Maximus shares in Q1 2018, an estimated $10.7M.
Makaira Partners first reported a position in Maximus in Q4 2014 and held it in 13 quarters.
Makaira Partners's Maximus position peaked at $24.5M in Q2 2016.
327 funds tracked by Wall St. Rank held Maximus as of Q1 2018.

Based on Makaira Partners's 13F filing for Q1 2018, filed 15 May 2018.