Absolute Return Capital’s United Airlines UAL Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-4,539	Closed	-$241K	–	321
2015 Q3	$241K	Sell	4,539 -5,081	-53%	-$270K	0.02%	425
2015 Q2	$510K	Buy	9,620 +1,894	+25%	+$100K	0.02%	417
2015 Q1	$520K	Buy	7,726 +2,453	+47%	+$165K	0.01%	482
2014 Q4	$353K	Buy	+5,273	New	+$353K	0.01%	556