Bandera Partners’s Chipotle Mexican Grill CMG Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2017 Q1	–	Sell	-1,000,000	Closed	-$7.55M	–	13
2016 Q4	$7.55M	Buy	1,000,000 +200,000	+25%	+$1.51M	4.83%	7
2016 Q3	$6.78M	Hold	800,000	–	–	4.45%	8
2016 Q2	$6.44M	Hold	800,000	–	–	4.24%	8
2016 Q1	$7.54M	Buy	+800,000	New	+$7.54M	4.58%	8