Black River Asset Management’s BBVA Argentina BBAR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q2	–	Sell	-52,823	Closed	-$1.08M	–	29
2015 Q1	$1.08M	Sell	52,823 -25,000	-32%	-$511K	0.72%	25
2014 Q4	$1.07M	Hold	77,823	–	–	0.78%	24
2014 Q3	$1.01M	Sell	77,823 -21,433	-22%	-$277K	1.14%	15
2014 Q2	$1.16M	Buy	+99,256	New	+$1.16M	1.51%	18