ValueAct Holdings’s American Express AXP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-11,300,000	Closed	-$838M	–	15
2015 Q3	$838M	Buy	11,300,000 +200,000	+2%	+$14.8M	4.87%	10
2015 Q2	$863M	Buy	+11,100,000	New	+$863M	4.54%	11