Absolute Return Capital’s Morgan Stanley MS Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-167,786	Closed	-$5.8M	–	688
2014 Q3	$5.8M	Buy	167,786 +16,446	+11%	+$569K	0.08%	278
2014 Q2	$4.89M	Sell	151,340 -13,249	-8%	-$428K	0.06%	377
2014 Q1	$5.13M	Buy	+164,589	New	+$5.13M	0.07%	310