PAR Capital Management’s Norfolk Southern NSC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-450,000	Closed	-$38.1M	–	86
2015 Q4	$38.1M	Buy	+450,000	New	+$38.1M	0.7%	33