Pennant Capital Management’s Kinder Morgan KMI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-2,138,749	Closed	-$49.5M	–	39
2016 Q3	$49.5M	Sell	2,138,749 -1,654,700	-44%	-$38.3M	1.73%	25
2016 Q2	$71M	Sell	3,793,449 -192,225	-5%	-$3.6M	1.82%	24
2016 Q1	$71.2M	Sell	3,985,674 -3,121,806	-44%	-$55.8M	2.03%	27
2015 Q4	$106M	Buy	+7,107,480	New	+$106M	2.7%	18