Starboard Value’s Brink's BCO Stock Holding History

Starboard Value’s Portfolio BCO Stock Details BCO Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q2	–	Sell	-592,455	Closed	-$42.3M	–	19
2018 Q1	$42.3M	Sell	592,455 -262,750	-31%	-$20.2M	0.93%	14
2017 Q4	$67.3M	Sell	855,205 -431,155	-34%	-$34.9M	1.65%	15
2017 Q3	$108M	Sell	1,286,360 -427,570	-25%	-$32.6M	2.93%	7
2017 Q2	$115M	Sell	1,713,930 -1,315,000	-43%	-$81M	3.35%	7
2017 Q1	$162M	Sell	3,028,930 -1,550,000	-34%	-$75.5M	4.96%	5
2016 Q4	$189M	Hold	4,578,930	–	–	5.57%	5
2016 Q3	$170M	Hold	4,578,930	–	–	4.62%	6
2016 Q2	$130M	Hold	4,578,930	–	–	4.62%	7
2016 Q1	$154M	Hold	4,578,930	–	–	5.41%	9
2015 Q4	$132M	Hold	4,578,930	–	–	3.56%	8
2015 Q3	$124M	Buy	4,578,930 +279,530	+7%	+$8.03M	2.76%	9
2015 Q2	$127M	Buy	4,299,400 +2,224,400	+107%	+$67.3M	2.85%	8
2015 Q1	$57.3M	Buy	+2,075,000	New	+$53.3M	1.19%	16

Other funds holding BCO

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

SAM

Southernsun Asset Management Memphis, Tennessee $690M AUM 30.68% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Greencape Capital Melbourne, Australia $59.9M AUM 23.92% 1-Year Est. Return

VNIM

Vaughan Nelson Investment Management Houston, Texas $11.3B AUM 53% 1-Year Est. Return

DVI

Deccan Value Investors Greenwich, Connecticut $84.6M AUM 57.32% 1-Year Est. Return

Fuller & Thaler Asset Management San Mateo, California $29.7B AUM 43.33% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

Starboard Value's BCO Position: Q2 2018 in Review

Starboard Value sold out of Brink's (BCO) in Q2 2018, closing a stake of 592,455 shares — an estimated $42.3M sold.

Starboard Value first reported a position in BCO in Q1 2015 and held it in 13 quarters. The position peaked at $189M in Q4 2016. 260 funds tracked by Wall St. Rank hold BCO as of Q2 2018.

Starboard Value reported no remaining Brink's position as of Q2 2018 after selling out during the quarter.
Starboard Value sold 592,455 Brink's shares in Q2 2018, an estimated $42.3M.
Starboard Value first reported a position in Brink's in Q1 2015 and held it in 13 quarters.
Starboard Value's Brink's position peaked at $189M in Q4 2016.
260 funds tracked by Wall St. Rank held Brink's as of Q2 2018.

Based on Starboard Value's 13F filing for Q2 2018, filed 14 Aug 2018.