Warburg Pincus’s MBIA MBI Stock Holding History

Warburg Pincus’s Portfolio MBI Stock Details MBI Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-18,372,877	Closed	-$110M	–	14
2015 Q2	$110M	Sell	18,372,877 -27,250,000	-60%	-$246M	0.88%	12
2015 Q1	$424M	Hold	45,622,877	–	–	3.18%	7
2014 Q4	$435M	Hold	45,622,877	–	–	3%	7
2014 Q3	$419M	Hold	45,622,877	–	–	2.27%	7
2014 Q2	$504M	Hold	45,622,877	–	–	2.25%	7
2014 Q1	$638M	Hold	45,622,877	–	–	2.83%	6
2013 Q4	$545M	Hold	45,622,877	–	–	6.61%	5
2013 Q3	$467M	Sell	45,622,877 -536,375	-1%	-$6.75M	7.11%	4
2013 Q2	$614M	Buy	+46,159,252	New	+$579M	9.57%	3

Other funds holding MBI

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

LCOV

London Company of Virginia Richmond, Virginia $16.2B AUM 17.5% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

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

OppenheimerFunds New York $80.4B AUM 15.1% 1-Year Est. Return

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

FTCM

Fir Tree Capital Management New York $21.8M AUM 1.61% 1-Year Est. Return

ERM

Elm Ridge Management Briarcliff Manor, New York $88.8M AUM 18.88% 1-Year Est. Return

FCP

Fine Capital Partners New York $563M AUM 7.48% 1-Year Est. Return

KBG

Kahn Brothers Group New York $564M AUM 25.3% 1-Year Est. Return

Warburg Pincus's MBI Position: Q3 2015 in Review

Warburg Pincus sold out of MBIA (MBI) in Q3 2015, closing a stake of 18,372,877 shares — an estimated $110M sold.

Warburg Pincus first reported a position in MBI in Q2 2013 and held it in 9 quarters. The position peaked at $638M in Q1 2014. 186 funds tracked by Wall St. Rank hold MBI as of Q3 2015.

Warburg Pincus reported no remaining MBIA position as of Q3 2015 after selling out during the quarter.
Warburg Pincus sold 18,372,877 MBIA shares in Q3 2015, an estimated $110M.
Warburg Pincus first reported a position in MBIA in Q2 2013 and held it in 9 quarters.
Warburg Pincus's MBIA position peaked at $638M in Q1 2014.
186 funds tracked by Wall St. Rank held MBIA as of Q3 2015.

Based on Warburg Pincus's 13F filing for Q3 2015, filed 16 Nov 2015.