SM ENERGY CO

Ticker: SM CUSIP: 78454L100 Class: EQTY

Carmignac Gestion's Holding History (CIK: 0001569758)

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

Q1 2020

Shares 38,997 Value ($000) $48 Avg Close $6.44 Range $0.82 - $11.29

Q4 2019

Shares 38,997 Value ($000) $438 Avg Close $8.19 Range $6.20 - $10.46

Q3 2019

Shares 38,997 Value ($000) $378 Avg Close $9.23 Range $7.66 - $11.69

Q2 2019

Shares 129,950 Value ($000) $1,627 Avg Close $13.13 Range $9.21 - $17.08

Q1 2019

Shares 283,482 Value ($000) $4,958 Avg Close $16.03 Range $13.20 - $19.13

Q4 2018

Shares 355,554 Value ($000) $5,504 Avg Close $20.86 Range $11.87 - $30.41

Q3 2018

Shares 335,554 Value ($000) $10,580 Avg Close $25.86 Range $22.44 - $29.19

Q2 2018

Shares 1,143,664 Value ($000) $29,381 Avg Close $21.04 Range $14.48 - $25.17

Q1 2018

Shares 4,723,679 Value ($000) $85,168 Avg Close $19.42 Range $15.33 - $25.35

Q4 2017

Shares 5,915,504 Value ($000) $130,614 Avg Close $18.13 Range $14.99 - $20.75

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	38,997	$48	$6.44	$0.82 - $11.29
Q4 2019	38,997	$438	$8.19	$6.20 - $10.46
Q3 2019	38,997	$378	$9.23	$7.66 - $11.69
Q2 2019	129,950	$1,627	$13.13	$9.21 - $17.08
Q1 2019	283,482	$4,958	$16.03	$13.20 - $19.13
Q4 2018	355,554	$5,504	$20.86	$11.87 - $30.41
Q3 2018	335,554	$10,580	$25.86	$22.44 - $29.19
Q2 2018	1,143,664	$29,381	$21.04	$14.48 - $25.17
Q1 2018	4,723,679	$85,168	$19.42	$15.33 - $25.35
Q4 2017	5,915,504	$130,614	$18.13	$14.99 - $20.75