Scout Capital Management’s AB InBev BUD Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-2,350,000	Closed	-$250M	–	6
2013 Q4	$250M	Buy	2,350,000 +250,000	+12%	+$26.6M	4.12%	7
2013 Q3	$208M	Buy	2,100,000 +1,250,000	+147%	+$124M	4.24%	6
2013 Q2	$76.7M	Buy	+850,000	New	+$76.7M	1.25%	28