Addenda Capital’s Bellatrix Exploration Ltd. BXE Stock Holding History

Addenda Capital’s Portfolio BXE Stock Details BXE Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-210,782	Closed	-$3.85M	–	129
2014 Q4	$3.85M	Sell	210,782 -57,232	-21%	-$1.27M	0.31%	75
2014 Q3	$8.25M	Buy	268,014 +33,080	+14%	+$1.24M	0.73%	28
2014 Q2	$10.2M	Buy	234,934 +90,832	+63%	+$4.11M	0.87%	30
2014 Q1	$6.1M	Buy	+144,102	New	+$5.48M	0.55%	44

Other funds holding BXE

Orange Capital Manhasset, New York $5.5M AUM 32.32% 1-Year Est. Return

Baupost Group Boston, Massachusetts $5.12B AUM 15.99% 1-Year Est. Return

Fiera Capital (Canada) Montreal, Quebec, Canada $29.2B AUM 20.16% 1-Year Est. Return

GGHC

Gilder Gagnon Howe & Co New York $8.34B AUM 46.58% 1-Year Est. Return

Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return

Public Sector Pension Investment Board (PSP Investments) Montreal, Quebec, Canada $32.1B AUM 31.84% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

DCM

Driehaus Capital Management Chicago, Illinois $13.6B AUM 173.98% 1-Year Est. Return

Norges Bank Oslo, Norway $935B AUM

Addenda Capital's BXE Position: Q1 2015 in Review

Addenda Capital sold out of Bellatrix Exploration Ltd. (BXE) in Q1 2015, closing a stake of 210,782 shares — an estimated $3.85M sold.

Addenda Capital first reported a position in BXE in Q1 2014 and held it in 4 quarters. The position peaked at $10.2M in Q2 2014. 89 funds tracked by Wall St. Rank hold BXE as of Q1 2015.

Addenda Capital reported no remaining Bellatrix Exploration Ltd. position as of Q1 2015 after selling out during the quarter.
Addenda Capital sold 210,782 Bellatrix Exploration Ltd. shares in Q1 2015, an estimated $3.85M.
Addenda Capital first reported a position in Bellatrix Exploration Ltd. in Q1 2014 and held it in 4 quarters.
Addenda Capital's Bellatrix Exploration Ltd. position peaked at $10.2M in Q2 2014.
89 funds tracked by Wall St. Rank held Bellatrix Exploration Ltd. as of Q1 2015.

Based on Addenda Capital's 13F filing for Q1 2015, filed 15 May 2015.