North Run Capital’s H&R Block HRB Stock Holding History

North Run Capital’s Portfolio HRB Stock Details HRB Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-1,909,414	Closed	-$64.3M	–	25
2014 Q4	$64.3M	Buy	1,909,414 +126,886	+7%	+$4.06M	5.73%	7
2014 Q3	$55.3M	Sell	1,782,528 -392,472	-18%	-$12.8M	5.01%	5
2014 Q2	$72.9M	Buy	2,175,000 +200,000	+10%	+$5.96M	7.09%	4
2014 Q1	$59.6M	Buy	1,975,000 +433,000	+28%	+$13M	6.06%	4
2013 Q4	$44.8M	Buy	+1,542,000	New	+$43.8M	5.67%	8

Other funds holding HRB

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

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

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

Caisse de Depot et Placement du Quebec (CDPQ) Montreal, Quebec, Canada $62.4B AUM 23.7% 1-Year Est. Return

AIG

American International Group New York $609M AUM 23.67% 1-Year Est. Return

Artisan Partners Milwaukee, Wisconsin $62.3B AUM 26.25% 1-Year Est. Return

BIT

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

First Manhattan New York $36.1B AUM 11.5% 1-Year Est. Return

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

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

North Run Capital's HRB Position: Q1 2015 in Review

North Run Capital sold out of H&R Block (HRB) in Q1 2015, closing a stake of 1,909,414 shares — an estimated $64.3M sold.

North Run Capital first reported a position in HRB in Q4 2013 and held it in 5 quarters. The position peaked at $72.9M in Q2 2014. 444 funds tracked by Wall St. Rank hold HRB as of Q1 2015.

North Run Capital reported no remaining H&R Block position as of Q1 2015 after selling out during the quarter.
North Run Capital sold 1,909,414 H&R Block shares in Q1 2015, an estimated $64.3M.
North Run Capital first reported a position in H&R Block in Q4 2013 and held it in 5 quarters.
North Run Capital's H&R Block position peaked at $72.9M in Q2 2014.
444 funds tracked by Wall St. Rank held H&R Block as of Q1 2015.

Based on North Run Capital's 13F filing for Q1 2015, filed 15 May 2015.