Thornburg Investment Management’s HF Sinclair DINO Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q3	–	Sell	-455	Closed	-$12K	–	246
2017 Q2	$12K	Hold	455	–	–	﹤0.01%	249
2017 Q1	$13K	Sell	455 -981,000	-100%	-$28.6M	﹤0.01%	259
2016 Q4	$32.2M	Sell	981,455 -724,116	-42%	-$20.1M	0.25%	82
2016 Q3	$41.8M	Buy	1,705,571 +147,540	+9%	+$3.71M	0.32%	66
2016 Q2	$37M	Sell	1,558,031 -200,000	-11%	-$5.96M	0.29%	72
2016 Q1	$62.1M	Sell	1,758,031 -236,200	-12%	-$8.14M	0.41%	64
2015 Q4	$79.5M	Sell	1,994,231 -1,513,340	-43%	-$71.6M	0.51%	55
2015 Q3	$171M	Sell	3,507,571 -162,600	-4%	-$7.74M	1.07%	24
2015 Q2	$157M	Buy	3,670,171 +240,772	+7%	+$9.73M	0.9%	36
2015 Q1	$138M	Buy	3,429,399 +224,200	+7%	+$8.59M	0.77%	41
2014 Q4	$120M	Sell	3,205,199 -305	-0%	-$12.7K	0.6%	50
2014 Q3	$140M	Hold	3,205,504	–	–	0.63%	44
2014 Q2	$140M	Sell	3,205,504 -512,412	-14%	-$25.2M	0.56%	49
2014 Q1	$177M	Buy	3,717,916 +299,928	+9%	+$14.2M	0.7%	34
2013 Q4	$170M	Buy	3,417,988 +979,200	+40%	+$44.6M	0.65%	36
2013 Q3	$103M	Buy	2,438,788 +1,533,388	+169%	+$66.6M	0.41%	79
2013 Q2	$38.7M	Buy	+905,400	New	+$43.2M	0.18%	126