Marathon Asset Management (UK)’s Varian Medical Systems, Inc. VAR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q3	–	Sell	-175,245	Closed	-$18.1M	–	107
2017 Q2	$18.1M	Sell	175,245 -77,223	-31%	-$7.44M	0.31%	86
2017 Q1	$23M	Sell	252,468 -148,977	-37%	-$12.4M	0.5%	67
2016 Q4	$31.6M	Sell	401,445 -41,153	-9%	-$3.33M	0.68%	59
2016 Q3	$38.6M	Sell	442,598 -17,914	-4%	-$1.46M	0.83%	45
2016 Q2	$33.2M	Buy	460,512 +8,839	+2%	+$641K	0.7%	55
2016 Q1	$31.7M	Buy	451,673 +12,190	+3%	+$828K	0.7%	55
2015 Q4	$31.1M	Sell	439,483 -9,953	-2%	-$687K	0.7%	56
2015 Q3	$29.1M	Buy	449,436 +527	+0.1%	+$38.4K	0.7%	54
2015 Q2	$33.2M	Buy	448,909 +79,939	+22%	+$6.26M	0.76%	48
2015 Q1	$30.4M	Buy	368,970 +27,205	+8%	+$2.18M	0.74%	47
2014 Q4	$25.9M	Sell	341,765 -2,048	-0.6%	-$152K	0.62%	51
2014 Q3	$24.2M	Buy	343,813 +16,362	+5%	+$1.21M	0.59%	53
2014 Q2	$23.9M	Buy	327,451 +16,449	+5%	+$1.18M	0.59%	53
2014 Q1	$22.9M	Sell	311,002 -230,729	-43%	-$16.6M	0.59%	57
2013 Q4	$36.9M	Buy	+541,731	New	+$36.1M	0.91%	42