Third Point’s J.M. Smucker SJM Stock Holding History

Third Point’s Portfolio SJM Stock Details SJM Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q2	–	Sell	-775,000	Closed	-$101M	–	49
2016 Q1	$101M	Sell	775,000 -875,000	-53%	-$110M	0.93%	25
2015 Q4	$204M	Buy	1,650,000 +350,000	+27%	+$41.7M	2.06%	13
2015 Q3	$148M	Sell	1,300,000 -150,000	-10%	-$16.7M	1.4%	22
2015 Q2	$157M	Buy	1,450,000 +300,000	+26%	+$34.7M	1.47%	24
2015 Q1	$133M	Buy	+1,150,000	New	+$126M	1.23%	27

Other funds holding SJM

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

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

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

Fundsmith LLP London, United Kingdom $12.8B AUM 6.9% 1-Year Est. Return

BIT

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

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

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

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

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

Third Point's SJM Position: Q2 2016 in Review

Third Point sold out of J.M. Smucker (SJM) in Q2 2016, closing a stake of 775,000 shares — an estimated $101M sold.

Third Point first reported a position in SJM in Q1 2015 and held it in 5 quarters. The position peaked at $204M in Q4 2015. 764 funds tracked by Wall St. Rank hold SJM as of Q2 2016.

Third Point reported no remaining J.M. Smucker position as of Q2 2016 after selling out during the quarter.
Third Point sold 775,000 J.M. Smucker shares in Q2 2016, an estimated $101M.
Third Point first reported a position in J.M. Smucker in Q1 2015 and held it in 5 quarters.
Third Point's J.M. Smucker position peaked at $204M in Q4 2015.
764 funds tracked by Wall St. Rank held J.M. Smucker as of Q2 2016.

Based on Third Point's 13F filing for Q2 2016, filed 12 Aug 2016.