Pennant Capital Management’s American International AIG Stock Holding History

Pennant Capital Management’s Portfolio AIG Stock Details AIG Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q3	–	Sell	-1,945,554	Closed	-$106M	–	43
2014 Q2	$106M	Sell	1,945,554 -767,569	-28%	-$40.6M	1.9%	25
2014 Q1	$136M	Sell	2,713,123 -420,000	-13%	-$20.9M	2.31%	20
2013 Q4	$160M	Sell	3,133,123 -1,095,225	-26%	-$54.6M	2.74%	20
2013 Q3	$206M	Sell	4,228,348 -68,700	-2%	-$3.27M	3.68%	10
2013 Q2	$192M	Buy	+4,297,048	New	+$184M	3.57%	12

Other funds holding AIG

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

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

FCM

Fairholme Capital Management South Miami, Florida $1.49B AUM 28.35% 1-Year Est. Return

BIT

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

Harris Associates Chicago, Illinois $75.4B AUM 14.46% 1-Year Est. Return

Capital Research Global Investors Los Angeles, California $717B AUM 35.42% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $580B AUM 38.23% 1-Year Est. Return

Franklin Resources San Mateo, California $462B AUM 39.16% 1-Year Est. Return

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

WRF

Waddell & Reed Financial Overland Park, Kansas $48.6B AUM 84.78% 1-Year Est. Return

Pennant Capital Management's AIG Position: Q3 2014 in Review

Pennant Capital Management sold out of American International (AIG) in Q3 2014, closing a stake of 1,945,554 shares — an estimated $106M sold.

Pennant Capital Management first reported a position in AIG in Q2 2013 and held it in 5 quarters. The position peaked at $206M in Q3 2013. 973 funds tracked by Wall St. Rank hold AIG as of Q3 2014.

Pennant Capital Management reported no remaining American International position as of Q3 2014 after selling out during the quarter.
Pennant Capital Management sold 1,945,554 American International shares in Q3 2014, an estimated $106M.
Pennant Capital Management first reported a position in American International in Q2 2013 and held it in 5 quarters.
Pennant Capital Management's American International position peaked at $206M in Q3 2013.
973 funds tracked by Wall St. Rank held American International as of Q3 2014.

Based on Pennant Capital Management's 13F filing for Q3 2014, filed 14 Nov 2014.