Ruane, Cunniff & Goldfarb’s Canadian Natural Resources CNQ Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-13,218	Closed	-$207K	–	97
2016 Q3	$207K	Sell	13,218 -118	-0.9%	-$1.79K	﹤0.01%	100
2016 Q2	$201K	Sell	13,336 -1,413,930	-99%	-$20M	﹤0.01%	116
2016 Q1	$18.6M	Sell	1,427,266 -80,648	-5%	-$859K	0.14%	45
2015 Q4	$15.9M	Sell	1,507,914 -50,318	-3%	-$562K	0.09%	48
2015 Q3	$14.7M	Sell	1,558,232 -1,483	-0.1%	-$16.3K	0.08%	50
2015 Q2	$20.5M	Sell	1,559,715 -23,527	-1%	-$354K	0.1%	49
2015 Q1	$23.5M	Sell	1,583,242 -5,083	-0.3%	-$72.7K	0.11%	47
2014 Q4	$23.7M	Buy	1,588,325 +18,044	+1%	+$295K	0.12%	50
2014 Q3	$29.5M	Sell	1,570,281 -24,148	-2%	-$499K	0.16%	48
2014 Q2	$35.4M	Sell	1,594,429 -5,186	-0.3%	-$104K	0.19%	47
2014 Q1	$29.7M	Sell	1,599,615 -10,870	-0.7%	-$184K	0.16%	45
2013 Q4	$26.3M	Sell	1,610,485 -110,585	-6%	-$1.72M	0.15%	44
2013 Q3	$26.2M	Buy	1,721,070 +875	+0.1%	+$13.1K	0.16%	48
2013 Q2	$23.5M	Buy	+1,720,195	New	+$24.6M	0.15%	47