Stelliam Investment Management’s Hormel Foods HRL Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q1	–	Sell	-687,500	Closed	-$23.9M	–	45
2016 Q4	$23.9M	Buy	+687,500	New	+$24.8M	0.84%	39
2015 Q4	–	Sell	-1,335,000	Closed	-$42.3M	–	53
2015 Q3	$42.3M	Sell	1,335,000 -366,800	-22%	-$11M	1.22%	41
2015 Q2	$48M	Buy	1,701,800 +186,800	+12%	+$5.29M	1.28%	47
2015 Q1	$43.1M	Sell	1,515,000 -190,000	-11%	-$5.2M	1.08%	50
2014 Q4	$44.4M	Buy	1,705,000 +65,000	+4%	+$1.71M	1.15%	48
2014 Q3	$42.1M	Buy	1,640,000 +40,000	+3%	+$976K	1.22%	47
2014 Q2	$39.5M	Buy	1,600,000 +305,000	+24%	+$7.37M	1.12%	50
2014 Q1	$31.9M	Sell	1,295,000 -695,000	-35%	-$16M	1.17%	48
2013 Q4	$44.9M	Buy	1,990,000 +115,000	+6%	+$2.52M	1.87%	24
2013 Q3	$39.5M	Buy	1,875,000 +235,000	+14%	+$4.94M	1.96%	26
2013 Q2	$31.6M	Buy	+1,640,000	New	+$33.3M	1.78%	26