Ownership Profile

Shareholder Breakdown

Shareholder Holders Value ($MM) % O/S Shares
Institution 604 7,680.77 116.45 145,270,896
Mutual Fund 999 2,995.67 46.97 58,596,308
Insider 9 24.24 0.50 625,480

Institutional Shareholder Rotation

Shareholder Holders Value Chg ($MM) % O/S Share Change
Buyers 288 752.85 11.27 14,054,395
Sellers 244 -1,048.13 15.15 -18,898,517
Net -- -295.28 3.88 -4,844,122

Institutional Shareholder Concentration

Value ($MM) % O/S Shares
Total Inst. 7,680.77 116.45 145,270,896
Top 10 Inst. 4,024.17 62.68 78,196,179
Top 20 Inst. 5,202.97 79.74 99,473,571
Top 50 Inst. 6,341.68 96.91 120,891,732

Institutional Shareholder Style

Holders Value ($MM) % Inst Shares Shares
Growth 167 2,291.70 33.03 41,202,318
Aggressive Growth 4 13.43 0.19 242,156
Core Growth 127 1,419.93 20.45 25,506,347
Growth 36 858.34 12.39 15,453,815
Income 20 40.45 0.58 726,757
Income Value 9 26.71 0.38 480,241
Yield 11 13.73 0.20 246,516
Index 54 1,767.93 25.45 31,748,110
Other 160 1,766.35 25.63 31,973,247
Broker Dealer 27 192.90 2.80 3,489,532
GARP 66 564.35 8.24 10,282,570
Hedge Fund 56 849.34 12.29 15,330,993
Specialty 9 32.67 0.47 588,927
VC/Private Equi 2 127.09 1.83 2,281,225
Value 89 733.28 10.98 13,696,903
Core Value 78 682.50 10.25 12,783,044
Deep Value 11 50.78 0.73 913,859

Top Holders: Institutional Investor

Holder Shares Held % O/S Share Change Filing Date
Liberty TripAdvisor Holdings, Inc. 18,159,752 14.56 -- 4/23/18
Eagle Capital Management L.L.C. 10,905,671 8.74 -132,764 6/30/18
The Vanguard Group, Inc. 10,818,271 8.67 9,515 6/30/18
Jackson Square Partners, LLC 9,327,055 7.48 -993,761 6/30/18
Wellington Management Company, LLP 6,765,165 5.42 74,115 6/30/18
BlackRock Institutional Trust Company, N.A. 5,077,120 4.07 -307,308 6/30/18
SRS Investment Management, LLC 4,838,448 3.88 -762,912 6/30/18
Bares Capital Management, Inc. 4,394,668 3.52 154,366 6/30/18
State Street Global Advisors (US) 4,273,275 3.43 -52,885 6/30/18
Fidelity International 3,636,754 2.92 1,362,419 6/30/18
PAR Capital Management, Inc. 2,803,969 2.25 -512,600 6/30/18
First Trust Advisors L.P. 2,637,299 2.11 -110,842 6/30/18
Macquarie Investment Management 2,565,879 2.06 -233,630 6/30/18
D. E. Shaw & Co., L.P. 2,466,797 1.98 900,258 6/30/18
Technology Crossover Ventures 2,281,000 1.83 -- 6/30/18
Artisan Partners Limited Partnership 2,102,830 1.69 -985,209 6/30/18
Allianz Global Investors U.S. LLC 2,059,884 1.65 147,519 6/30/18
Goldman Sachs & Company, Inc. 1,575,815 1.26 -218,848 6/30/18
Sumitomo Mitsui Asset Management Company, Limited 1,413,265 1.13 -161,840 9/30/18
Geode Capital Management, L.L.C. 1,370,654 1.10 -691 6/30/18
Hillhouse Capital Management Ltd. 1,359,857 1.09 -278,200 6/30/18
Fidelity Investments Canada ULC 1,335,443 1.07 842,725 6/30/18
Allianz Global Investors Ireland Ltd. 1,237,275 0.99 1,237,275 9/30/17
Select Equity Group, L.P. 993,644 0.80 993,644 6/30/18
Eagle Asset Management, Inc. 906,339 0.73 234,908 6/30/18
Northern Trust Investments, Inc. 822,923 0.66 -3,918 6/30/18
Antipodes Partners Limited 821,450 0.66 -1,212,813 6/30/18
Invesco Capital Management LLC 785,067 0.63 513,135 6/30/18
Fiera Capital Corporation 739,067 0.59 245,394 6/30/18
New York State Common Retirement Fund 737,803 0.59 15,061 6/30/18
UBS Financial Services, Inc. 716,302 0.57 -84,893 6/30/18
Morgan Stanley Investment Management Inc. (US) 716,157 0.57 190,623 6/30/18
BlackRock Investment Management (UK) Ltd. 697,128 0.56 -1,071,343 6/30/18
Foord Asset Management (Pty) Limited 692,534 0.56 153,167 12/31/17
Charles Schwab Investment Management, Inc. 685,528 0.55 52,267 6/30/18
Dimensional Fund Advisors, L.P. 670,209 0.54 63,395 6/30/18
Parametric Portfolio Associates LLC 620,874 0.50 96,941 6/30/18
TOBAM 618,274 0.50 -232,761 6/30/18
Nuveen LLC 610,922 0.49 108,287 6/30/18
Norges Bank Investment Management (NBIM) 588,866 0.47 22,941 12/31/17
CLS Investments, LLC 588,000 0.47 -- 6/30/18
Smith Asset Management Group, LP 542,128 0.43 542,128 6/30/18
Great Lakes Advisors, LLC 535,876 0.43 453,681 6/30/18
Los Angeles Capital Management And Equity Research, Inc. 521,447 0.42 521,447 6/30/18
Stelliam Investment Management, LP 495,000 0.40 42,500 6/30/18
Contrarius Investment Management Ltd. 488,381 0.39 -523,640 6/30/18
Legal & General Investment Management Ltd. 477,002 0.38 -514 6/30/18
Disciplined Growth Investors, Inc. 476,710 0.38 -4,668 6/30/18
Pictet Asset Management Ltd. 473,941 0.38 -749,518 6/30/18
Kaufer (Stephen) 464,014 0.37 -- 4/23/18

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