GRAHAM HLDGS CO

Ticker: GHC CUSIP: 384637104 Class: Common Stock

Mount Lucas Management LP's Holding History (CIK: 0001185072)

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

Q2 2015

Shares 20,802 Value ($000) $22,363 Avg Close $568.21 Range $516.59 - $607.95

Q1 2015

Shares 20,795 Value ($000) $21,827 Avg Close $528.21 Range $450.57 - $595.27

Q4 2014

Shares 21,321 Value ($000) $18,416 Avg Close $438.71 Range $361.50 - $511.73

Q3 2014

Shares 20,927 Value ($000) $14,640 Avg Close $381.66 Range $366.57 - $398.94

Q2 2014

Shares 5,243 Value ($000) $3,765 Avg Close $368.14 Range $345.36 - $392.61

Q1 2014

Shares 5,996 Value ($000) $4,219 Avg Close $359.32 Range $325.70 - $396.88

Q4 2013

Shares 6,088 Value ($000) $4,038 Avg Close $339.79 Range $315.53 - $360.20

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	20,802	$22,363	$568.21	$516.59 - $607.95
Q1 2015	20,795	$21,827	$528.21	$450.57 - $595.27
Q4 2014	21,321	$18,416	$438.71	$361.50 - $511.73
Q3 2014	20,927	$14,640	$381.66	$366.57 - $398.94
Q2 2014	5,243	$3,765	$368.14	$345.36 - $392.61
Q1 2014	5,996	$4,219	$359.32	$325.70 - $396.88
Q4 2013	6,088	$4,038	$339.79	$315.53 - $360.20