Vontobel Asset Management’s British American Tobacco BTI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q2	–	Sell	-1,084,040	Closed	-$62.5M	–	70
2018 Q1	$62.5M	Sell	1,084,040 -198,296	-15%	-$12.5M	0.45%	42
2017 Q4	$85.9M	Buy	1,282,336 +281,543	+28%	+$18.4M	0.61%	36
2017 Q3	$62.5M	Buy	1,000,793 +928,546	+1,285%	+$59.9M	0.45%	40
2017 Q2	$4.95M	Sell	72,247 -24,678	-25%	-$1.71M	0.04%	58
2017 Q1	$6.43M	Sell	96,925 -1,671	-2%	-$103K	0.05%	51
2016 Q4	$5.55M	Buy	98,596 +10,330	+12%	+$585K	0.05%	51
2016 Q3	$5.63M	Hold	88,266	–	–	0.04%	56
2016 Q2	$5.71M	Sell	88,266 -19,408	-18%	-$1.18M	0.05%	59
2016 Q1	$6.29M	Buy	107,674 +21,530	+25%	+$1.19M	0.05%	58
2015 Q4	$4.75M	Sell	86,144 -6,250	-7%	-$358K	0.04%	67
2015 Q3	$5.08M	Buy	92,394 +6,308	+7%	+$350K	0.04%	70
2015 Q2	$4.66M	Hold	86,086	–	–	0.04%	69
2015 Q1	$4.46M	Sell	86,086 -6,314	-7%	-$350K	0.03%	70
2014 Q4	$4.98M	Hold	92,400	–	–	0.04%	67
2014 Q3	$5.22M	Hold	92,400	–	–	0.04%	70
2014 Q2	$5.5M	Buy	+92,400	New	+$5.41M	0.06%	65