Bandera Partners’s Hallador Energy HNRG Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-532,638	Closed	-$5.86M	–	16
2014 Q4	$5.86M	Buy	532,638 +75,000	+16%	+$826K	3.59%	9
2014 Q3	$5.42M	Buy	+457,638	New	+$5.42M	3.21%	10