Three Bays Capital’s Gray Television GTN Stock Holding History

Three Bays Capital’s Portfolio GTN Stock Details GTN Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q4	–	Sell	-2,230,349	Closed	-$39M	–	6
2018 Q3	$39M	Buy	2,230,349 +1,092,559	+96%	+$17.9M	4.6%	13
2018 Q2	$18M	Sell	1,137,790 -160,000	-12%	-$1.92M	0.7%	22
2018 Q1	$16.5M	Buy	1,297,790 +1,211,700	+1,407%	+$18.3M	1.14%	17
2017 Q4	$1.44M	Buy	+86,090	New	+$1.35M	0.08%	24

Other funds holding GTN

DCP

Darsana Capital Partners New York $4.7B AUM 50.56% 1-Year Est. Return

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

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

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

Neuberger Berman Group New York $131B AUM 28.36% 1-Year Est. Return

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

Bank of New York Mellon New York $544B AUM 28.31% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

ClearBridge Investments New York $115B AUM 24.78% 1-Year Est. Return

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

Three Bays Capital's GTN Position: Q4 2018 in Review

Three Bays Capital sold out of Gray Television (GTN) in Q4 2018, closing a stake of 2,230,349 shares — an estimated $39M sold.

Three Bays Capital first reported a position in GTN in Q4 2017 and held it in 4 quarters. The position peaked at $39M in Q3 2018. 215 funds tracked by Wall St. Rank hold GTN as of Q4 2018.

Three Bays Capital reported no remaining Gray Television position as of Q4 2018 after selling out during the quarter.
Three Bays Capital sold 2,230,349 Gray Television shares in Q4 2018, an estimated $39M.
Three Bays Capital first reported a position in Gray Television in Q4 2017 and held it in 4 quarters.
Three Bays Capital's Gray Television position peaked at $39M in Q3 2018.
215 funds tracked by Wall St. Rank held Gray Television as of Q4 2018.

Based on Three Bays Capital's 13F filing for Q4 2018.