Starboard Value’s Cognizant CTSH Stock Holding History

Starboard Value’s Portfolio CTSH Stock Details CTSH Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q1	–	Sell	-1,000,000	Closed	-$71M	–	17
2017 Q4	$71M	Sell	1,000,000 -150,000	-13%	-$11M	1.74%	14
2017 Q3	$83.4M	Sell	1,150,000 -275,000	-19%	-$19.3M	2.25%	11
2017 Q2	$94.6M	Sell	1,425,000 -600,000	-30%	-$38.1M	2.76%	10
2017 Q1	$121M	Buy	2,025,000 +550,000	+37%	+$31.6M	3.69%	8
2016 Q4	$82.6M	Buy	+1,475,000	New	+$78.9M	2.44%	12

Other funds holding CTSH

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

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

Massachusetts Financial Services Boston, Massachusetts $298B AUM 21.96% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

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

Edgewood Management Greenwich, Connecticut $15.5B AUM 9.67% 1-Year Est. Return

Bank of New York Mellon New York $544B AUM 28.31% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

Franklin Resources San Mateo, California $408B AUM 30.18% 1-Year Est. Return

CGI

Comgest Global Investors Paris, France $4.55B AUM 11.62% 1-Year Est. Return

Starboard Value's CTSH Position: Q1 2018 in Review

Starboard Value sold out of Cognizant (CTSH) in Q1 2018, closing a stake of 1,000,000 shares — an estimated $71M sold.

Starboard Value first reported a position in CTSH in Q4 2016 and held it in 5 quarters. The position peaked at $121M in Q1 2017. 1,046 funds tracked by Wall St. Rank hold CTSH as of Q1 2018.

Starboard Value reported no remaining Cognizant position as of Q1 2018 after selling out during the quarter.
Starboard Value sold 1,000,000 Cognizant shares in Q1 2018, an estimated $71M.
Starboard Value first reported a position in Cognizant in Q4 2016 and held it in 5 quarters.
Starboard Value's Cognizant position peaked at $121M in Q1 2017.
1,046 funds tracked by Wall St. Rank held Cognizant as of Q1 2018.

Based on Starboard Value's 13F filing for Q1 2018, filed 15 May 2018.