Warburg Pincus’s Zovio Inc. Common Stock ZVO Stock Holding History

Warburg Pincus’s Portfolio ZVO Stock Details ZVO Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q4	–	Sell	-7,562,890	Closed	-$72.6M	–	11
2017 Q3	$72.6M	Sell	7,562,890 -2,075,395	-22%	-$21.6M	1.19%	9
2017 Q2	$142M	Hold	9,638,285	–	–	2.23%	11
2017 Q1	$103M	Sell	9,638,285 -18,072,289	-65%	-$185M	1.94%	10
2016 Q4	$281M	Hold	27,710,574	–	–	4.91%	9
2016 Q3	$190M	Hold	27,710,574	–	–	3.08%	9
2016 Q2	$201M	Hold	27,710,574	–	–	4.37%	6
2016 Q1	$279M	Hold	27,710,574	–	–	5.32%	6
2015 Q4	$211M	Hold	27,710,574	–	–	3.84%	6
2015 Q3	$211M	Hold	27,710,574	–	–	2.66%	8
2015 Q2	$265M	Hold	27,710,574	–	–	2.11%	9
2015 Q1	$267M	Hold	27,710,574	–	–	2.01%	9
2014 Q4	$314M	Hold	27,710,574	–	–	2.16%	8
2014 Q3	$309M	Hold	27,710,574	–	–	1.67%	8
2014 Q2	$368M	Hold	27,710,574	–	–	1.64%	10
2014 Q1	$413M	Hold	27,710,574	–	–	1.83%	9
2013 Q4	$491M	Sell	27,710,574 -6,878,646	-20%	-$124M	5.95%	6
2013 Q3	$624M	Hold	34,589,220	–	–	9.51%	3
2013 Q2	$421M	Buy	+34,589,220	New	+$396M	6.56%	5

Other funds holding ZVO

Schroder Investment Management Group London, United Kingdom $141B AUM 34.18% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

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

AQR Capital Management Greenwich, Connecticut $287B AUM 42.33% 1-Year Est. Return

SOMRS

State of Michigan Retirement System Lansing, Michigan $22.6B AUM 40.24% 1-Year Est. Return

Renaissance Technologies New York $72.6B AUM 54.88% 1-Year Est. Return

Connor, Clark & Lunn Investment Management (CC&L) Vancouver, British Columbia, Canada $52.8B AUM 58.98% 1-Year Est. Return

NCM

Nantahala Capital Management New Canaan, Connecticut $3.01B AUM 119.46% 1-Year Est. Return

Millennium Management New York $276B AUM 44.8% 1-Year Est. Return

Warburg Pincus's ZVO Position: Q4 2017 in Review

Warburg Pincus sold out of Zovio Inc. Common Stock (ZVO) in Q4 2017, closing a stake of 7,562,890 shares — an estimated $72.6M sold.

Warburg Pincus first reported a position in ZVO in Q2 2013 and held it in 18 quarters. The position peaked at $624M in Q3 2013. 112 funds tracked by Wall St. Rank hold ZVO as of Q4 2017.

Warburg Pincus reported no remaining Zovio Inc. Common Stock position as of Q4 2017 after selling out during the quarter.
Warburg Pincus sold 7,562,890 Zovio Inc. Common Stock shares in Q4 2017, an estimated $72.6M.
Warburg Pincus first reported a position in Zovio Inc. Common Stock in Q2 2013 and held it in 18 quarters.
Warburg Pincus's Zovio Inc. Common Stock position peaked at $624M in Q3 2013.
112 funds tracked by Wall St. Rank held Zovio Inc. Common Stock as of Q4 2017.

Based on Warburg Pincus's 13F filing for Q4 2017, filed 14 Feb 2018.