SRH ADVISORS, LLC

Holdings History for TOWERS WATSON & CO - CL A (TW)

Symbol: TW on Nasdaq
Investment type: Equity / CL A

Shares, Excluding Options vs Price

Value, Excluding Options

Holdings date	Weight	Change	Value $	Shares	Change	Activity %	Price	All Holders
31 Mar 2016		-11%	$0	0	-14,472	-100%		Q1 2016
31 Dec 2015	11%	-3.4%	$1,859,000	14,472	-4,500	-24%	$128.45	Q4 2015
30 Sep 2015	13%	0%	$2,227,000	18,972	0		$117.38	Q3 2015
30 Jun 2015	15%	0%	$2,387,000	18,972	0		$125.82	Q2 2015
31 Mar 2015	17%	-3.1%	$2,508,000	18,972	-3,500	-16%	$132.19	Q1 2015
31 Dec 2014	17%	0%	$2,543,000	22,472	0		$113.16	Q4 2014
30 Sep 2014	17%	0%	$2,236,000	22,472	0		$99.50	Q3 2014
30 Jun 2014	18%	0%	$2,342,000	22,472	0		$104.22	Q2 2014
31 Mar 2014	21%	+16%	$2,563,000	22,472	+16,986	+310%	$114.05	Q1 2014
31 Dec 2013	6.9%	0%	$700,000	5,486	0		$127.60	Q4 2013

* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.