Water Island Capital’s Time Inc. TIME Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2018 Q1	–	Sell	-759,850	Closed	-$14M	–	123
2017 Q4	$14M	Buy	+759,850	New	+$14M	0.86%	28
2017 Q3	–	Sell	-318,632	Closed	-$4.57M	–	131
2017 Q2	$4.57M	Buy	318,632 +10,912	+4%	+$157K	0.22%	64
2017 Q1	$5.95M	Buy	+307,720	New	+$5.95M	0.34%	38