Naya Management’s TOWERS WATSON & CO COM STK CL A (DE) TW Stock Holding History

Naya Management’s Portfolio TW Stock Details TW Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-1,381,041	Closed	-$162M	–	20
2015 Q3	$162M	Buy	1,381,041 +1,371,041	+13,710%	+$170M	8.8%	3
2015 Q2	$1.26M	Sell	10,000 -627,542	-98%	-$84.2M	0.08%	18
2015 Q1	$84.3M	Sell	637,542 -470,041	-42%	-$58.9M	5.53%	8
2014 Q4	$125M	Sell	1,107,583 -32,300	-3%	-$3.56M	9.11%	1
2014 Q3	$113M	Buy	1,139,883 +168,200	+17%	+$17.7M	9.5%	2
2014 Q2	$101M	Sell	971,683 -29,480	-3%	-$3.22M	7.67%	3
2014 Q1	$114M	Buy	1,001,163 +92,697	+10%	+$10.8M	12.6%	2
2013 Q4	$116M	Buy	+908,466	New	+$106M	13.98%	1

Other funds holding TW

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

ECU

Egerton Capital (UK) London, United Kingdom $9.01B AUM 30.26% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

Boston Partners Boston, Massachusetts $95.5B AUM 28.4% 1-Year Est. Return

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

BIT

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

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

MAI

Marble Arch Investments New York $82.3M AUM 31.35% 1-Year Est. Return

TCM

Tran Capital Management San Rafael, California $869M AUM 52.91% 1-Year Est. Return

Naya Management's TW Position: Q4 2015 in Review

Naya Management sold out of TOWERS WATSON & CO COM STK CL A (DE) (TW) in Q4 2015, closing a stake of 1,381,041 shares — an estimated $162M sold.

Naya Management first reported a position in TW in Q4 2013 and held it in 8 quarters. The position peaked at $162M in Q3 2015. 328 funds tracked by Wall St. Rank hold TW as of Q4 2015.

Naya Management reported no remaining TOWERS WATSON & CO COM STK CL A (DE) position as of Q4 2015 after selling out during the quarter.
Naya Management sold 1,381,041 TOWERS WATSON & CO COM STK CL A (DE) shares in Q4 2015, an estimated $162M.
Naya Management first reported a position in TOWERS WATSON & CO COM STK CL A (DE) in Q4 2013 and held it in 8 quarters.
Naya Management's TOWERS WATSON & CO COM STK CL A (DE) position peaked at $162M in Q3 2015.
328 funds tracked by Wall St. Rank held TOWERS WATSON & CO COM STK CL A (DE) as of Q4 2015.

Based on Naya Management's 13F filing for Q4 2015.