Arrow Capital Management’s Restaurant Brands International QSR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-184,500	Closed	-$6.63M	–	24
2015 Q3	$6.63M	Sell	184,500 -45,000	-20%	-$1.62M	5.61%	6
2015 Q2	$8.77M	Buy	229,500 +70,000	+44%	+$2.67M	4.93%	6
2015 Q1	$6.13M	Buy	+159,500	New	+$6.13M	3.59%	12