Sands Capital Management’s Activision Blizzard ATVI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2020 Q4	–	Sell	-135,310	Closed	-$11M	–	86
2020 Q3	$11M	Sell	135,310 -12,730	-9%	-$1.03M	0.02%	76
2020 Q2	$11.2M	Sell	148,040 -4,723,499	-97%	-$330M	0.03%	77
2020 Q1	$290M	Sell	4,871,539 -369,206	-7%	-$21.9M	0.97%	30
2019 Q4	$311M	Sell	5,240,745 -153,458	-3%	-$8.5M	0.9%	32
2019 Q3	$285M	Sell	5,394,203 -229,274	-4%	-$11.4M	0.92%	33
2019 Q2	$265M	Sell	5,623,477 -154,552	-3%	-$7.1M	0.79%	35
2019 Q1	$263M	Sell	5,778,029 -295,813	-5%	-$13.4M	0.81%	36
2018 Q4	$283M	Sell	6,073,842 -463,726	-7%	-$27.8M	1.01%	30
2018 Q3	$544M	Buy	6,537,568 +919,612	+16%	+$69.8M	1.54%	24
2018 Q2	$429M	Sell	5,617,956 -369,473	-6%	-$26.1M	1.23%	27
2018 Q1	$404M	Sell	5,987,429 -354,747	-6%	-$25M	1.19%	28
2017 Q4	$402M	Sell	6,342,176 -210,241	-3%	-$13.3M	1.22%	28
2017 Q3	$423M	Buy	+6,552,417	New	+$409M	1.27%	27