Orange Capital’s H&R Block HRB Stock Holding History

Orange 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 Q3	–	Sell	-3,420,000	Closed	-$101M	–	16
2015 Q2	$101M	Buy	3,420,000 +1,420,000	+71%	+$44.5M	5.8%	3
2015 Q1	$64.1M	Buy	2,000,000 +1,740,000	+669%	+$58.3M	4.66%	11
2014 Q4	$8.76M	Buy	260,000 +105,000	+68%	+$3.36M	0.64%	14
2014 Q3	$4.81M	Buy	+155,000	New	+$5.05M	0.35%	14

Other funds holding HRB

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

Caisse de Depot et Placement du Quebec (CDPQ) Montreal, Quebec, Canada $70.2B AUM 30.95% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

First Manhattan New York $39.2B AUM 21.04% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

BlackRock Group London, United Kingdom $210B AUM 15.5% 1-Year Est. Return

BIT

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

First Eagle Investment Management New York $60.8B AUM 26.63% 1-Year Est. Return

CGI

CI Global Investments Oakland, California $6.5B AUM 8.71% 1-Year Est. Return

Orange Capital's HRB Position: Q4 2015 in Review

Orange Capital sold out of H&R Block (HRB) in Q4 2015, closing a stake of 2,912,422 shares — an estimated $105M sold.

Orange Capital first reported a position in HRB in Q1 2014 and held it in 7 quarters. The position peaked at $105M in Q3 2015. 450 funds tracked by Wall St. Rank hold HRB as of Q4 2015.

Orange Capital reported no remaining H&R Block position as of Q4 2015 after selling out during the quarter.
Orange Capital sold 2,912,422 H&R Block shares in Q4 2015, an estimated $105M.
Orange Capital first reported a position in H&R Block in Q1 2014 and held it in 7 quarters.
Orange Capital's H&R Block position peaked at $105M in Q3 2015.
450 funds tracked by Wall St. Rank held H&R Block as of Q4 2015.

Based on Orange Capital's 13F filing for Q4 2015, filed 16 Feb 2016.