Arbiter Partners Capital Management’s Motorola Solutions MSI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2020 Q4	–	Sell	-129,000	Closed	-$20.2M	–	51
2020 Q3	$20.2M	Sell	129,000 -215,500	-63%	-$31.5M	0.91%	4
2020 Q2	$48.3M	Sell	344,500 -59,600	-15%	-$8.43M	3.84%	2
2020 Q1	$53.7M	Sell	404,100 -157,200	-28%	-$26.4M	7.99%	2
2019 Q4	$90.4M	Sell	561,300 -593,500	-51%	-$97.7M	13.12%	2
2019 Q3	$197M	Buy	1,154,800 +114,000	+11%	+$19.6M	35.81%	1
2019 Q2	$174M	Buy	1,040,800 +197,800	+23%	+$29.8M	33.64%	1
2019 Q1	$118M	Sell	843,000 -332,500	-28%	-$43.1M	23.89%	2
2018 Q4	$135M	Sell	1,175,500 -743,500	-39%	-$92.3M	15.1%	2
2018 Q3	$250M	Buy	1,919,000 +91,000	+5%	+$11.3M	24.94%	2
2018 Q2	$213M	Buy	1,828,000 +435,500	+31%	+$48M	21.23%	2
2018 Q1	$147M	Buy	1,392,500 +319,000	+30%	+$32.6M	17.71%	2
2017 Q4	$97M	Buy	1,073,500 +301,000	+39%	+$27.4M	10.8%	2
2017 Q3	$65.6M	Buy	+772,500	New	+$67.6M	7.31%	2