William Blair Investment Management’s Choice Hotels CHH Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q2	–	Sell	-1,284,766	Closed	-$69.4M	–	455
2016 Q1	$69.4M	Sell	1,284,766 -486,307	-27%	-$26.3M	0.28%	116
2015 Q4	$89.3M	Buy	1,771,073 +270,492	+18%	+$13.6M	0.36%	98
2015 Q3	$71.5M	Buy	+1,500,581	New	+$71.5M	0.15%	210