Addenda Capital’s Hudbay HBM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2018 Q1	–	Sell	-19,330	Closed	-$172K	–	124
2017 Q4	$172K	Buy	+19,330	New	+$172K	0.01%	123
2016 Q1	–	Sell	-47,700	Closed	-$182K	–	126
2015 Q4	$182K	Buy	+47,700	New	+$182K	0.02%	123