GRAHAM HLDGS CO

Ticker: GHC CUSIP: 384637104 Class: Common Stock

STRATEGIC INVESTMENT MANAGEMENT, LLC's Holding History (CIK: 0000846633)

Note: Option positions (PUT/CALL) are excluded.

Q4 2015

Shares 599 Value ($000) $290 Avg Close $491.36 Range $423.49 - $548.37

Q3 2015

Shares 438 Value ($000) $252 Avg Close $595.59 Range $510.07 - $650.41

Q2 2015

Shares 281 Value ($000) $302 Avg Close $568.21 Range $516.59 - $607.95

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	599	$290	$491.36	$423.49 - $548.37
Q3 2015	438	$252	$595.59	$510.07 - $650.41
Q2 2015	281	$302	$568.21	$516.59 - $607.95