Sands Capital Management’s Guidewire Software GWRE Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2020 Q1	–	Sell	-120,760	Closed	-$13.3M	–	78
2019 Q4	$13.3M	Sell	120,760 -400	-0.3%	-$44.7K	0.04%	68
2019 Q3	$12.8M	Sell	121,160 -925	-0.8%	-$93.3K	0.04%	71
2019 Q2	$12.4M	Sell	122,085 -25,025	-17%	-$2.55M	0.04%	70
2019 Q1	$14.3M	Sell	147,110 -4,535	-3%	-$405K	0.04%	54
2018 Q4	$12.2M	Hold	151,645	–	–	0.04%	55
2018 Q3	$15.3M	Sell	151,645 -800	-0.5%	-$76.9K	0.04%	53
2018 Q2	$13.5M	Buy	152,445 +22,475	+17%	+$1.99M	0.04%	51
2018 Q1	$10.5M	Sell	129,970 -800	-0.6%	-$64.4K	0.03%	51
2017 Q4	$9.71M	Sell	130,770 -8,115	-6%	-$627K	0.03%	50
2017 Q3	$10.8M	Sell	138,885 -9,100	-6%	-$667K	0.03%	51
2017 Q2	$10.2M	Sell	147,985 -34,900	-19%	-$2.22M	0.03%	51
2017 Q1	$10.3M	Sell	182,885 -34,705	-16%	-$1.9M	0.03%	48
2016 Q4	$10.7M	Sell	217,590 -500	-0.2%	-$28K	0.04%	46
2016 Q3	$13.1M	Sell	218,090 -9,400	-4%	-$579K	0.04%	45
2016 Q2	$14.1M	Sell	227,490 -600	-0.3%	-$34.6K	0.04%	45
2016 Q1	$12.4M	Sell	228,090 -16,145	-7%	-$844K	0.04%	44
2015 Q4	$14.7M	Sell	244,235 -11,600	-5%	-$672K	0.04%	45
2015 Q3	$13.5M	Sell	255,835 -74,585	-23%	-$4.13M	0.04%	42
2015 Q2	$17.5M	Buy	330,420 +2,800	+0.9%	+$144K	0.04%	41
2015 Q1	$17.2M	Buy	327,620 +3,200	+1%	+$166K	0.04%	40
2014 Q4	$16.4M	Sell	324,420 -185,400	-36%	-$9.12M	0.04%	41
2014 Q3	$22.6M	Buy	509,820 +152,825	+43%	+$6.46M	0.06%	37
2014 Q2	$14.5M	Buy	356,995 +8,000	+2%	+$317K	0.04%	45
2014 Q1	$17.1M	Sell	348,995 -1,100	-0.3%	-$55.1K	0.04%	38
2013 Q4	$17.2M	Sell	350,095 -800	-0.2%	-$37.7K	0.04%	34
2013 Q3	$16.5M	Buy	350,895 +47,360	+16%	+$2.13M	0.05%	33
2013 Q2	$12.8M	Buy	+303,535	New	+$12.1M	0.04%	36