Manikay Partners’s Loews L Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2018 Q1	–	Sell	-400,000	Closed	-$20M	–	33
2017 Q4	$20M	Buy	400,000 +50,000	+14%	+$2.5M	1.05%	21
2017 Q3	$16.8M	Buy	+350,000	New	+$16.8M	1.04%	22