Sandler Capital Management’s Aon AON Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-129,000	Closed	-$10.8M	–	140
2013 Q4	$10.8M	Sell	129,000 -244,000	-65%	-$20.5M	0.35%	79
2013 Q3	$27.8M	Buy	+373,000	New	+$27.8M	0.88%	24