Adams Hill Capital’s Petrobras PBR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-1,000,000	Closed	-$14.2M	–	7
2014 Q3	$14.2M	Buy	+1,000,000	New	+$14.2M	9.81%	1