PAR Capital Management’s Las Vegas Sands LVS Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-150,000	Closed	-$8.72M	–	74
2014 Q4	$8.72M	Sell	150,000 -120,000	-44%	-$6.98M	0.2%	51
2014 Q3	$16.8M	Buy	+270,000	New	+$16.8M	0.45%	41