Pennant Capital Management’s Cheniere Energy LNG Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q1	–	Sell	-1,318,094	Closed	-$54.6M	–	48
2016 Q4	$54.6M	Buy	+1,318,094	New	+$53.2M	2.8%	19
2015 Q3	–	Sell	-999,465	Closed	-$69.2M	–	40
2015 Q2	$69.2M	Sell	999,465 -639,700	-39%	-$47.9M	1.37%	26
2015 Q1	$127M	Sell	1,639,165 -974,692	-37%	-$72.7M	2.38%	18
2014 Q4	$184M	Buy	2,613,857 +888,692	+52%	+$62.7M	3.45%	14
2014 Q3	$138M	Sell	1,725,165 -999,600	-37%	-$76.2M	2.65%	19
2014 Q2	$195M	Sell	2,724,765 -826,120	-23%	-$50.2M	3.5%	12
2014 Q1	$197M	Sell	3,550,885 -946,511	-21%	-$45.4M	3.34%	13
2013 Q4	$194M	Sell	4,497,396 -959,704	-18%	-$38.2M	3.32%	12
2013 Q3	$186M	Sell	5,457,100 -20,900	-0.4%	-$620K	3.34%	14
2013 Q2	$152M	Buy	+5,478,000	New	+$154M	2.83%	17