A.R.T. Advisors’s Houlihan Lokey HLI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2017 Q3	–	Sell	-10,600	Closed	-$369K	–	1478
2017 Q2	$369K	Sell	10,600 -4,400	-29%	-$153K	0.02%	935
2017 Q1	$516K	Buy	+15,000	New	+$516K	0.02%	794