Third Avenue Management’s Vail Resorts MTN Stock Holding History

Third Avenue Management’s Portfolio MTN Stock Details MTN Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q3	–	Hold	0	–	–	–	115
2017 Q2	–	Sell	-21,839	Closed	-$4.4M	–	117
2017 Q1	$4.19M	Sell	21,839 -5,100	-19%	-$904K	0.19%	79
2016 Q4	$4.35M	Sell	26,939 -109	-0.4%	-$17.3K	0.2%	73
2016 Q3	$4.24M	Sell	27,048 -4,900	-15%	-$747K	0.19%	71
2016 Q2	$4.42M	Hold	31,948	–	–	0.2%	72
2016 Q1	$4.27M	Sell	31,948 -3,814	-11%	-$478K	0.16%	77
2015 Q4	$4.58M	Sell	35,762 -18,948	-35%	-$2.23M	0.15%	75
2015 Q3	$5.73M	Sell	54,710 -16,237	-23%	-$1.76M	0.16%	80
2015 Q2	$7.75M	Hold	70,947	–	–	0.19%	66
2015 Q1	$7.34M	Sell	70,947 -13,492	-16%	-$1.22M	0.18%	73
2014 Q4	$7.7M	Sell	84,439 -167,014	-66%	-$14.5M	0.19%	72
2014 Q3	$21.8M	Hold	251,453	–	–	0.46%	68
2014 Q2	$19.4M	Sell	251,453 -36,859	-13%	-$2.59M	0.37%	81
2014 Q1	$20.1M	Hold	288,312	–	–	0.39%	84
2013 Q4	$21.7M	Sell	288,312 -1,025	-0.4%	-$74K	0.4%	77
2013 Q3	$20.1M	Sell	289,337 -89,737	-24%	-$6.07M	0.39%	72
2013 Q2	$23.3M	Buy	+379,074	New	+$23.7M	0.46%	62

Other funds holding MTN

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

BAMCO Inc New York $33.1B AUM 11.16% 1-Year Est. Return

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

BlackRock New York $5.7T AUM 30.48% 1-Year Est. Return

Fidelity Investments

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

William Blair Investment Management

William Blair Investment Management Chicago, Illinois $30.3B AUM 33.75% 1-Year Est. Return

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

Goldman Sachs New York $761B AUM 31.28% 1-Year Est. Return

AllianceBernstein

AllianceBernstein Nashville, Tennessee $309B AUM 23.92% 1-Year Est. Return

Wells Fargo San Francisco, California $501B AUM 22.01% 1-Year Est. Return