PAR Capital Management’s Canadian Pacific Kansas City CP Stock Holding History

PAR Capital Management’s Portfolio CP Stock Details CP Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q1	–	Sell	-800,000	Closed	-$29.2M	–	84
2017 Q4	$29.2M	Sell	800,000 -432,250	-35%	-$15.1M	0.33%	47
2017 Q3	$41.4M	Hold	1,232,250	–	–	0.47%	42
2017 Q2	$39.6M	Hold	1,232,250	–	–	0.45%	41
2017 Q1	$36.2M	Sell	1,232,250 -1,725,000	-58%	-$51.2M	0.44%	42
2016 Q4	$84.4M	Sell	2,957,250 -150,000	-5%	-$4.43M	1.1%	20
2016 Q3	$94.9M	Sell	3,107,250 -50,000	-2%	-$1.47M	1.37%	19
2016 Q2	$81.3M	Sell	3,157,250 -350,000	-10%	-$9.44M	1.35%	20
2016 Q1	$93.1M	Hold	3,507,250	–	–	1.49%	18
2015 Q4	$89.5M	Buy	3,507,250 +525,000	+18%	+$14.7M	1.65%	16
2015 Q3	$85.6M	Buy	2,982,250 +1,332,250	+81%	+$40.2M	1.81%	14
2015 Q2	$52.9M	Buy	1,650,000 +200,000	+14%	+$7.14M	1.2%	24
2015 Q1	$53M	Buy	1,450,000 +300,000	+26%	+$11.1M	1.22%	24
2014 Q4	$44.3M	Buy	1,150,000 +325,000	+39%	+$12.9M	1.02%	24
2014 Q3	$34.2M	Buy	825,000 +75,000	+10%	+$2.94M	0.91%	27
2014 Q2	$27.2M	Buy	+750,000	New	+$24.6M	0.75%	29

Other funds holding CP

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

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

CCM

Causeway Capital Management Los Angeles, California $8.15B AUM 29.28% 1-Year Est. Return

WCM Investment Management Laguna Beach, California $43.8B AUM 42.28% 1-Year Est. Return

TD Asset Management Toronto, Ontario, Canada $123B AUM 34.51% 1-Year Est. Return

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

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

1832 Asset Management Toronto, Ontario, Canada $109B AUM 35.56% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return

PAR Capital Management's CP Position: Q1 2018 in Review

PAR Capital Management sold out of Canadian Pacific Kansas City (CP) in Q1 2018, closing a stake of 800,000 shares — an estimated $29.2M sold.

PAR Capital Management first reported a position in CP in Q2 2014 and held it in 15 quarters. The position peaked at $94.9M in Q3 2016. 448 funds tracked by Wall St. Rank hold CP as of Q1 2018.

PAR Capital Management reported no remaining Canadian Pacific Kansas City position as of Q1 2018 after selling out during the quarter.
PAR Capital Management sold 800,000 Canadian Pacific Kansas City shares in Q1 2018, an estimated $29.2M.
PAR Capital Management first reported a position in Canadian Pacific Kansas City in Q2 2014 and held it in 15 quarters.
PAR Capital Management's Canadian Pacific Kansas City position peaked at $94.9M in Q3 2016.
448 funds tracked by Wall St. Rank held Canadian Pacific Kansas City as of Q1 2018.

Based on PAR Capital Management's 13F filing for Q1 2018, filed 15 May 2018.