ValueAct Holdings’s CF Industries CF Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2013 Q4	–	Sell	-7,061,000	Closed	-$298M	–	13
2013 Q3	$298M	Buy	7,061,000 +2,061,000	+41%	+$86.9M	2.69%	9
2013 Q2	$172M	Buy	+5,000,000	New	+$172M	1.76%	10