Alpine Associates Management’s United Airlines UAL Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q2	–	Sell	-184,256	Closed	-$12.4M	–	74
2015 Q1	$12.4M	Sell	184,256 -42,900	-19%	-$2.89M	0.45%	41
2014 Q4	$15.2M	Buy	+227,156	New	+$15.2M	0.47%	43