Adams Asset Advisors’s Pan American Silver PAAS Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-71,515	Closed	-$837K	–	82
2013 Q4	$837K	Buy	71,515 +11,115	+18%	+$130K	0.14%	69
2013 Q3	$637K	Buy	+60,400	New	+$637K	0.11%	81