Third Point’s Constellation Brands STZ Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2019 Q2	–	Sell	-1,050,000	Closed	-$184M	–	46
2019 Q1	$184M	Sell	1,050,000 -700,000	-40%	-$123M	2.05%	16
2018 Q4	$281M	Sell	1,750,000 -650,000	-27%	-$105M	4.32%	7
2018 Q3	$517M	Buy	2,400,000 +400,000	+20%	+$86.2M	3.62%	9
2018 Q2	$438M	Sell	2,000,000 -300,000	-13%	-$65.7M	3.05%	9
2018 Q1	$524M	Sell	2,300,000 -200,000	-8%	-$45.6M	3.94%	9
2017 Q4	$571M	Hold	2,500,000	–	–	4.12%	7
2017 Q3	$499M	Hold	2,500,000	–	–	4.19%	6
2017 Q2	$484M	Sell	2,500,000 -500,000	-17%	-$96.9M	4.29%	7
2017 Q1	$486M	Hold	3,000,000	–	–	4.74%	3
2016 Q4	$460M	Buy	3,000,000 +800,000	+36%	+$123M	4.51%	4
2016 Q3	$366M	Buy	2,200,000 +200,000	+10%	+$33.3M	3.18%	7
2016 Q2	$331M	Buy	2,000,000 +235,000	+13%	+$38.9M	3.15%	7
2016 Q1	$267M	Buy	1,765,000 +165,000	+10%	+$24.9M	2.46%	10
2015 Q4	$228M	Sell	1,600,000 -150,000	-9%	-$21.4M	2.31%	9
2015 Q3	$219M	Sell	1,750,000 -150,000	-8%	-$18.8M	2.07%	13
2015 Q2	$220M	Sell	1,900,000 -100,000	-5%	-$11.6M	2.06%	17
2015 Q1	$232M	Hold	2,000,000	–	–	2.15%	17
2014 Q4	$196M	Sell	2,000,000 -100,000	-5%	-$9.82M	1.77%	19
2014 Q3	$183M	Sell	2,100,000 -100,000	-5%	-$8.72M	2.1%	19
2014 Q2	$194M	Buy	2,200,000 +250,000	+13%	+$22M	2.38%	15
2014 Q1	$166M	Sell	1,950,000 -50,000	-3%	-$4.25M	2.43%	14
2013 Q4	$141M	Sell	2,000,000 -750,000	-27%	-$52.8M	2.43%	13
2013 Q3	$158M	Buy	2,750,000 +1,250,000	+83%	+$71.8M	3.86%	8
2013 Q2	$78.2M	Buy	+1,500,000	New	+$78.2M	1.77%	19