Pennant Capital Management’s CST Brands, Inc. CST Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q3	–	Sell	-3,429,716	Closed	-$148M	–	50
2016 Q2	$148M	Buy	3,429,716 +422,148	+14%	+$16.7M	3.79%	8
2016 Q1	$115M	Buy	3,007,568 +342,227	+13%	+$12.6M	3.29%	16
2015 Q4	$104M	Sell	2,665,341 -804,900	-23%	-$29.5M	2.65%	19
2015 Q3	$117M	Sell	3,470,241 -140,400	-4%	-$5.08M	2.47%	21
2015 Q2	$141M	Buy	3,610,641 +2,577,789	+250%	+$107M	2.8%	17
2015 Q1	$45.3M	Buy	+1,032,852	New	+$44.8M	0.85%	33

Other funds holding CST

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

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

American Century Companies Kansas City, Missouri $226B AUM 44.75% 1-Year Est. Return

AQR Arbitrage Greenwich, Connecticut $7.02B AUM 31.58% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

GAMCO Investors Greenwich, Connecticut $11.1B AUM 41.79% 1-Year Est. Return

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

BIT

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

Magnetar Financial Evanston, Illinois $11B AUM 3.37% 1-Year Est. Return

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

Pennant Capital Management's CST Position: Q3 2016 in Review

Pennant Capital Management sold out of CST Brands, Inc. (CST) in Q3 2016, closing a stake of 3,429,716 shares — an estimated $148M sold.

Pennant Capital Management first reported a position in CST in Q1 2015 and held it in 6 quarters. The position peaked at $148M in Q2 2016. 271 funds tracked by Wall St. Rank hold CST as of Q3 2016.

Pennant Capital Management reported no remaining CST Brands, Inc. position as of Q3 2016 after selling out during the quarter.
Pennant Capital Management sold 3,429,716 CST Brands, Inc. shares in Q3 2016, an estimated $148M.
Pennant Capital Management first reported a position in CST Brands, Inc. in Q1 2015 and held it in 6 quarters.
Pennant Capital Management's CST Brands, Inc. position peaked at $148M in Q2 2016.
271 funds tracked by Wall St. Rank held CST Brands, Inc. as of Q3 2016.

Based on Pennant Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.