A.R.T. Advisors’s Baidu BIDU Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-41,356	Closed	-$8.23M	–	1362
2015 Q2	$8.23M	Buy	+41,356	New	+$8.23M	0.27%	63
2014 Q2	–	Sell	-26,903	Closed	-$4.1M	–	1312
2014 Q1	$4.1M	Buy	+26,903	New	+$4.1M	0.22%	110