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OUTFITTER ADVISORS, LTD.
> PEP
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 06/30/2018 | PEPSICO INC | PEP | 12,675 | -150 | 1,380,000 | -20,000 | $108.88 |
| 03/31/2018 | PEPSICO INC | PEP | 12,825 | -10,150 | 1,400,000 | -1,355,000 | $109.16 |
| 12/31/2017 | PEPSICO INC | PEP | 22,975 | 700 | 2,755,000 | 273,000 | $119.91 |
| 09/30/2017 | PEPSICO INC | PEP | 22,275 | -200 | 2,482,000 | -114,000 | $111.43 |
| 06/30/2017 | PEPSICO INC | PEP | 22,475 | -700 | 2,596,000 | 4,000 | $115.51 |
| 03/31/2017 | PEPSICO INC | PEP | 23,175 | 9,280 | 2,592,000 | 1,138,000 | $111.84 |
| 12/31/2016 | PEPSICO INC | PEP | 13,895 | -9,850 | 1,454,000 | -1,129,000 | $104.64 |
| 09/30/2016 | PEPSICO INC | PEP | 23,745 | 3,910 | 2,583,000 | 482,000 | $108.78 |
| 06/30/2016 | PEPSICO INC | PEP | 19,835 | 19,835 | 2,101,000 | 2,101,000 | $105.92 |
| 03/31/2016 | PEPSICO INC | PEP | 0 | -24,085 | 0 | -2,407,000 | |
| 12/31/2015 | PEPSICO INC | PEP | 24,085 | -1,910 | 2,407,000 | 340,000 | $99.94 |
| 09/30/2015 | PEPSICO INC | PEP | 24,135 | -50 | 2,276,000 | 19,000 | $94.30 |
| 06/30/2015 | PEPSICO INC | PEP | 24,185 | -1,810 | 2,257,000 | 190,000 | $93.32 |
| 03/31/2015 | PEPSICO INC | PEP | 24,335 | -1,660 | 2,327,000 | 260,000 | $95.62 |
| 12/31/2014 | PEPSICO INC | PEP | 24,385 | -1,610 | 2,306,000 | 239,000 | $94.57 |
| 09/30/2014 | PEPSICO INC | PEP | 23,385 | -2,610 | 2,177,000 | 110,000 | $93.09 |
| 06/30/2014 | PEPSICO INC | PEP | 23,195 | -2,800 | 2,072,000 | 5,000 | $89.33 |
| 03/31/2014 | PEPSICO INC | PEP | 24,020 | -1,975 | 2,006,000 | -61,000 | $83.51 |
| 12/31/2013 | PEPSICO INC | PEP | 26,220 | 225 | 2,175,000 | 108,000 | $82.95 |
| 09/30/2013 | PEPSICO INC | PEP | 25,995 | 9,400 | 2,067,000 | 754,000 | $79.52 |
| 06/30/2013 | PEPSICO INC | PEP | 25,045 | 8,450 | 2,048,000 | 735,000 | $81.77 |
| 03/31/2013 | PEPSICO INC | PEP | 16,595 | 0 | 1,313,000 | 177,000 | $79.12 |
| 12/31/2012 | PEPSICO INC | PEP | 16,595 | -100 | 1,136,000 | -46,000 | $68.45 |
| 09/30/2012 | PEPSICO INC | PEP | 16,695 | 0 | 1,182,000 | 2,000 | $70.80 |
| 06/30/2012 | PEPSICO INC | PEP | 16,695 | 0 | 1,180,000 | 72,000 | $70.68 |
| 03/31/2012 | PEPSICO INC | PEP | 16,695 | 220 | 1,108,000 | 15,000 | $66.37 |
| 12/31/2011 | PEPSICO INC | PEP | 16,475 | 0 | 1,093,000 | 73,000 | $66.34 |
| 09/30/2011 | PEPSICO INC | PEP | 16,475 | -300 | 1,020,000 | -161,000 | $61.91 |
| 06/30/2011 | PEPSICO INC | PEP | 16,775 | -800 | 1,181,000 | 49,000 | $70.40 |
| 03/31/2011 | PEPSICO INC | PEP | 17,575 | 0 | 1,132,000 | -16,000 | $64.41 |
| 12/31/2010 | PEPSICO INC | PEP | 17,575 | 0 | 1,148,000 | -20,000 | $65.32 |
| 09/30/2010 | PEPSICO INC | PEP | 17,575 | -882 | 1,168,000 | 43,000 | $66.46 |
| 06/30/2010 | PEPSICO INC | PEP | 18,457 | 0 | 1,125,000 | -96,000 | $60.95 |
| 03/31/2010 | PEPSICO INC | PEP | 18,457 | -200 | 1,221,000 | 87,000 | $66.15 |
| 12/31/2009 | PEPSICO INC | PEP | 18,657 | -200 | 1,134,000 | 28,000 | $60.78 |
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