Stelliam Investment Management’s Extended Stay America, Inc. Paired Share Unit STAY Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-2,742,500	Closed	-$65.1M	–	64
2014 Q3	$65.1M	Buy	2,742,500 +2,435,000	+792%	+$57.8M	1.72%	20
2014 Q2	$7.12M	Buy	+307,500	New	+$7.12M	0.19%	51
2014 Q1	–	Sell	-350,000	Closed	-$9.19M	–	58
2013 Q4	$9.19M	Buy	+350,000	New	+$9.19M	0.37%	49