Michael & Susan Dell Foundation’s Crown Castle CCI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q4	–	Sell	-544,185	Closed	-$54.4M	–	8
2017 Q3	$54.4M	Hold	544,185	–	–	42.89%	1
2017 Q2	$54.5M	Hold	544,185	–	–	43.1%	1
2017 Q1	$51.4M	Hold	544,185	–	–	43.89%	1
2016 Q4	$47.2M	Buy	544,185 +220,885	+68%	+$19.3M	35.08%	1
2016 Q3	$30.5M	Hold	323,300	–	–	30.71%	1
2016 Q2	$32.8M	Hold	323,300	–	–	34.02%	1
2016 Q1	$28M	Hold	323,300	–	–	27.16%	1
2015 Q4	$27.9M	Hold	323,300	–	–	23.8%	1
2015 Q3	$25.5M	Hold	323,300	–	–	18.6%	2
2015 Q2	$26M	Hold	323,300	–	–	14.92%	2
2015 Q1	$26.7M	Hold	323,300	–	–	16.33%	2
2014 Q4	$25.4M	Buy	323,300 +25,328	+9%	+$2.03M	19.03%	1
2014 Q3	$24M	Hold	297,972	–	–	19.92%	1
2014 Q2	$22.1M	Buy	+297,972	New	+$22.3M	18.63%	1