Black River Asset Management’s Ecopetrol EC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-172,879	Closed	-$2.29M	–	4
2015 Q2	$2.29M	Buy	+172,879	New	+$2.29M	1.22%	18