Spark Investment Management’s Marriott Vacations Worldwide VAC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q3	–	Sell	-33,100	Closed	-$3.74M	–	743
2018 Q2	$3.74M	Hold	33,100	–	–	0.22%	138
2018 Q1	$4.41M	Hold	33,100	–	–	0.28%	112
2017 Q4	$4.47M	Sell	33,100 -9,100	-22%	-$1.2M	0.24%	132
2017 Q3	$5.25M	Sell	42,200 -22,900	-35%	-$2.64M	0.28%	120
2017 Q2	$7.67M	Buy	65,100 +53,600	+466%	+$6.05M	0.47%	44
2017 Q1	$1.15M	Buy	+11,500	New	+$1.03M	0.07%	388
2016 Q4	–	Sell	-24,500	Closed	-$1.8M	–	883
2016 Q3	$1.8M	Sell	24,500 -14,100	-37%	-$1.05M	0.15%	218
2016 Q2	$2.64M	Hold	38,600	–	–	0.25%	134
2016 Q1	$2.6M	Sell	38,600 -24,600	-39%	-$1.39M	0.26%	121
2015 Q4	$3.6M	Sell	63,200 -13,600	-18%	-$845K	0.46%	47
2015 Q3	$5.23M	Hold	76,800	–	–	0.68%	20
2015 Q2	$7.05M	Hold	76,800	–	–	0.98%	5
2015 Q1	$6.22M	Hold	76,800	–	–	0.87%	7
2014 Q4	$5.72M	Buy	76,800 +7,500	+11%	+$521K	0.96%	6
2014 Q3	$4.39M	Hold	69,300	–	–	0.66%	15
2014 Q2	$4.06M	Buy	69,300 +42,000	+154%	+$2.35M	0.6%	22
2014 Q1	$1.53M	Hold	27,300	–	–	0.24%	133
2013 Q4	$1.44M	Buy	27,300 +18,500	+210%	+$929K	0.25%	135
2013 Q3	$387K	Buy	+8,800	New	+$392K	0.09%	317