Ardsley Advisory Partners’s SM Energy SM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-7,500	Closed	-$585K	–	208
2014 Q3	$585K	Sell	7,500 -2,500	-25%	-$195K	0.08%	88
2014 Q2	$841K	Buy	10,000 +2,500	+33%	+$210K	0.11%	87
2014 Q1	$535K	Buy	+7,500	New	+$535K	0.08%	109