Arthur J. Gallagher & Co. (AJG)

Arthur J. Gallagher & Co.

AJG

Super Fund	Position	Shares	Curr. Value	Port. %	Activity
Sands Capital Management	Equity	1,121,249	$358,934,230	1.03%	+453.35%
Winslow Capital Management	Equity	828,466	$265,208,536	0.89%	+0.59%
Viking Global Investors	Equity	725,795	$232,341,495	0.67%	+8.89%

Total Shares Held: 2,675,510

Total Value Reported: $856,484,261

Average Allocation per Portfolio 0.86%

Largest Single Portfolio Allocation: 1.03%

Largest Shareholder: Sands Capital Management

Change in Total Shares Held (Q on Q): +832,705

Percentage Change in Shares Held (Q on Q): 45.19%

Number of Current Holders: 3

Number of New Holders (Q on Q): 0

Number of Funds with Additions (Q on Q): 3

Number of Funds with Deductions (Q on Q): 1

Number of Funds Fully Divested (Q on Q): 1

Number of Funds with No Change (Q on Q): 0