A.R.T. Advisors’s Black Stone Minerals BSM Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2017 Q1	–	Sell	-43,002	Closed	-$807K	–	1439
2016 Q4	$807K	Buy	+43,002	New	+$807K	0.05%	553
2016 Q3	–	Sell	-11,100	Closed	-$172K	–	695
2016 Q2	$172K	Buy	+11,100	New	+$172K	0.01%	1138