PAR Capital Management’s Advanced Drainage Systems WMS Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q1	–	Sell	-2,737,000	Closed	-$66.4M	–	57
2018 Q4	$66.4M	Hold	2,737,000	–	–	1.11%	21
2018 Q3	$84.6M	Hold	2,737,000	–	–	0.97%	29
2018 Q2	$78.1M	Hold	2,737,000	–	–	0.88%	33
2018 Q1	$70.9M	Hold	2,737,000	–	–	0.78%	33
2017 Q4	$65.3M	Hold	2,737,000	–	–	0.73%	37
2017 Q3	$55.4M	Hold	2,737,000	–	–	0.63%	35
2017 Q2	$55M	Hold	2,737,000	–	–	0.62%	36
2017 Q1	$59.9M	Buy	2,737,000 +147,000	+6%	+$3.34M	0.73%	32
2016 Q4	$53.4M	Buy	2,590,000 +50,000	+2%	+$1.05M	0.7%	32
2016 Q3	$61.1M	Hold	2,540,000	–	–	0.88%	25
2016 Q2	$69.5M	Buy	2,540,000 +540,000	+27%	+$13.1M	1.15%	21
2016 Q1	$42.6M	Buy	2,000,000 +597,700	+43%	+$12.3M	0.68%	30
2015 Q4	$33.7M	Hold	1,402,300	–	–	0.62%	36
2015 Q3	$40.6M	Hold	1,402,300	–	–	0.86%	28
2015 Q2	$41.1M	Hold	1,402,300	–	–	0.93%	30
2015 Q1	$42M	Buy	1,402,300 +147,300	+12%	+$3.83M	0.97%	29
2014 Q4	$28.8M	Buy	+1,255,000	New	+$27.4M	0.67%	31

Other funds holding WMS

Berkshire Partners Boston, Massachusetts $5.53M AUM 55.51% 1-Year Est. Return

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

Stockbridge Partners Boston, Massachusetts $4.14B AUM 16.9% 1-Year Est. Return

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

Impax Asset Management Group London, United Kingdom $14.3B AUM 19.8% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

PAMU

Pictet Asset Management (UK) London, United Kingdom $91.8B AUM 47.77% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

AAM

ACK Asset Management Greenwich, Connecticut $801M AUM 60.42% 1-Year Est. Return

PAR Capital Management's WMS Position: Q1 2019 in Review

PAR Capital Management sold out of Advanced Drainage Systems (WMS) in Q1 2019, closing a stake of 2,737,000 shares — an estimated $66.4M sold.

PAR Capital Management first reported a position in WMS in Q4 2014 and held it in 17 quarters. The position peaked at $84.6M in Q3 2018. 136 funds tracked by Wall St. Rank hold WMS as of Q1 2019.

PAR Capital Management reported no remaining Advanced Drainage Systems position as of Q1 2019 after selling out during the quarter.
PAR Capital Management sold 2,737,000 Advanced Drainage Systems shares in Q1 2019, an estimated $66.4M.
PAR Capital Management first reported a position in Advanced Drainage Systems in Q4 2014 and held it in 17 quarters.
PAR Capital Management's Advanced Drainage Systems position peaked at $84.6M in Q3 2018.
136 funds tracked by Wall St. Rank held Advanced Drainage Systems as of Q1 2019.

Based on PAR Capital Management's 13F filing for Q1 2019, filed 15 May 2019.