APCM

Arbiter Partners Capital Management’s Xerox XRX Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2018 Q1	–	Sell	-15,000	Closed	-$437K	–	69
2017 Q4	$437K	Hold	15,000	–	–	0.05%	41
2017 Q3	$499K	Sell	15,000 -45,000	-75%	-$1.5M	0.06%	43
2017 Q2	$1.72M	Hold	60,000	–	–	0.21%	32
2017 Q1	$440K	Sell	60,000 -770,166	-93%	-$5.65M	0.06%	46
2016 Q4	$7.25M	Buy	830,166 +770,166	+1,284%	+$6.72M	1.22%	11
2016 Q3	$608K	Hold	60,000	–	–	0.07%	42
2016 Q2	$569K	Hold	60,000	–	–	0.07%	45
2016 Q1	$670K	Hold	60,000	–	–	0.13%	42
2015 Q4	$638K	Hold	60,000	–	–	0.08%	53
2015 Q3	$584K	Buy	60,000 +30,000	+100%	+$292K	0.06%	54
2015 Q2	$319K	Hold	30,000	–	–	0.03%	66
2015 Q1	$386K	Hold	30,000	–	–	0.03%	61
2014 Q4	$416K	Hold	30,000	–	–	0.04%	63
2014 Q3	$397K	Sell	30,000 -1,579,300	-98%	-$20.9M	0.04%	63
2014 Q2	$20M	Hold	1,609,300	–	–	1.98%	3
2014 Q1	$18.2M	Buy	1,609,300 +74,000	+5%	+$836K	2.03%	5
2013 Q4	$19.2M	Sell	1,535,300 -74,000	-5%	-$926K	2.65%	5
2013 Q3	$16.6M	Hold	1,609,300	–	–	3.97%	6
2013 Q2	$14.6M	Buy	+1,609,300	New	+$14.6M	2.17%	7