I would like to believe the fact that they still hold some, indicates that still see an opportunity for gain.
They are well and truly free carried many times over on their investment in AHZ.
Retaining a sizeable position on the registry would ensure they are front and centre for any future opportunities that arise. The value of this to them, may outweigh the losses share price depreciation has delivered to their remaining holdings.
They did start to sell prior to the shareprice crash, but didnt continue.
If you know the answer to why they stopped while ratty continued then you probably have the key to the puzzle of why they still hold.
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