NAVIENT CORPORATION

Ticker: NAVI CUSIP: 63938C108 Class: Common Stock

AQR Arbitrage LLC's Holding History (CIK: 0001167456)

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

Q4 2015

Shares 802,671 Value ($000) $9,191 Avg Close $12.25 Range $10.62 - $13.93

Q1 2015

Shares 445,403 Value ($000) $9,055 Avg Close $20.55 Range $17.16 - $22.41

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	802,671	$9,191	$12.25	$10.62 - $13.93
Q1 2015	445,403	$9,055	$20.55	$17.16 - $22.41