Viking Fund Management’s Canadian Pacific Kansas City CP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q4	–	Sell	-85,000	Closed	-$3.6M	–	121
2018 Q3	$3.6M	Sell	85,000 -50,000	-37%	-$2M	0.74%	48
2018 Q2	$4.94M	Sell	135,000 -65,000	-33%	-$2.39M	0.95%	36
2018 Q1	$7.06M	Sell	200,000 -125,000	-38%	-$4.51M	1.34%	27
2017 Q4	$11.9M	Sell	325,000 -125,000	-28%	-$4.36M	1.94%	16
2017 Q3	$15.1M	Sell	450,000 -50,000	-10%	-$1.59M	2.41%	11
2017 Q2	$16.1M	Hold	500,000	–	–	2.47%	10
2017 Q1	$14.7M	Buy	500,000 +25,000	+5%	+$742K	1.97%	18
2016 Q4	$13.6M	Buy	475,000 +125,000	+36%	+$3.69M	1.72%	21
2016 Q3	$10.7M	Sell	350,000 -100,000	-22%	-$2.94M	1.75%	25
2016 Q2	$11.6M	Buy	450,000 +25,000	+6%	+$675K	2.01%	26
2016 Q1	$11.3M	Sell	425,000 -15,000	-3%	-$366K	2.16%	24
2015 Q4	$11.2M	Buy	440,000 +45,000	+11%	+$1.26M	2.22%	16
2015 Q3	$11.3M	Sell	395,000 -50,000	-11%	-$1.51M	1.99%	20
2015 Q2	$14.3M	Sell	445,000 -15,000	-3%	-$536K	1.89%	20
2015 Q1	$16.8M	Hold	460,000	–	–	2.2%	16
2014 Q4	$17.7M	Sell	460,000 -80,000	-15%	-$3.17M	2.51%	13
2014 Q3	$22.4M	Buy	540,000 +15,000	+3%	+$587K	2.49%	13
2014 Q2	$19M	Buy	525,000 +97,500	+23%	+$3.2M	2.15%	14
2014 Q1	$12.9M	Buy	427,500 +17,500	+4%	+$531K	1.79%	25
2013 Q4	$12.4M	Buy	410,000 +10,000	+3%	+$288K	1.89%	27
2013 Q3	$9.86M	Sell	400,000 -50,000	-11%	-$1.24M	1.74%	28
2013 Q2	$10.9M	Buy	+450,000	New	+$11.3M	2.01%	22