T2 Partners Management’s Air Products & Chemicals APD Stock Holding History

T2 Partners Management’s Portfolio APD Stock Details APD Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q3	$3.4M	Sell	28,850 -3,286	-10%	-$418K	6.76%	5
2015 Q2	$4.07M	Hold	32,136	–	–	7.33%	5
2015 Q1	$4.5M	Buy	32,136 +4,374	+16%	+$605K	7.51%	4
2014 Q4	$3.7M	Sell	27,762 -5,654	-17%	-$715K	6.25%	7
2014 Q3	$4.02M	Sell	33,416 -1,562	-4%	-$191K	7.74%	3
2014 Q2	$4.16M	Buy	34,978 +1,205	+4%	+$134K	6.22%	5
2014 Q1	$3.72M	Sell	33,773 -1,365	-4%	-$145K	5.83%	5
2013 Q4	$3.63M	Sell	35,138 -2,697	-7%	-$272K	5.91%	5
2013 Q3	$3.73M	Buy	+37,835	New	+$3.6M	5.89%	6

Other funds holding APD

PSCM

Pershing Square Capital Management New York $13.7B AUM 13.45% 1-Year Est. Return

State Farm Mutual Automobile Insurance Bloomington, Illinois $127B AUM 32.55% 1-Year Est. Return

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

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

Barrow, Hanley, Mewhinney & Strauss Dallas, Texas $30.5B AUM 29.95% 1-Year Est. Return

Viking Global Investors Stamford, Connecticut $35.7B AUM 21.3% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return

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

Sculptor Capital New York $9.61B AUM 27.49% 1-Year Est. Return

T2 Partners Management's APD Position: Q3 2015 in Review

T2 Partners Management reduced its Air Products & Chemicals (APD) stake by 10% in Q3 2015, selling an estimated $418K and leaving 28,850 shares worth $3.4M. The position accounts for 6.76% of the portfolio, ranked #5.

T2 Partners Management first reported a position in APD in Q3 2013 and has held it in 9 quarters since. The position peaked at $4.5M in Q1 2015. 793 funds tracked by Wall St. Rank hold APD as of Q3 2015.

T2 Partners Management held 28,850 shares of Air Products & Chemicals worth $3.4M as of Q3 2015.
T2 Partners Management sold 3,286 Air Products & Chemicals shares in Q3 2015, an estimated $418K.
Air Products & Chemicals made up 6.76% of T2 Partners Management's portfolio in Q3 2015, its #5 holding.
T2 Partners Management first reported a position in Air Products & Chemicals in Q3 2013 and has held it in 9 quarters since.
T2 Partners Management's Air Products & Chemicals position peaked at $4.5M in Q1 2015.
793 funds tracked by Wall St. Rank held Air Products & Chemicals as of Q3 2015.

Based on T2 Partners Management's 13F filing for Q3 2015, filed 3 Nov 2015.