BlackRock Fund Advisors’s Pangaea Logistics PANL Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q4	$8K	Buy	2,487 +540	+28%	+$1.74K	﹤0.01%	3990
2016 Q3	$5K	Buy	1,947 +201	+12%	+$516	﹤0.01%	4071
2016 Q2	$4K	Buy	1,746 +128	+8%	+$293	﹤0.01%	4127
2016 Q1	$4K	Buy	1,618 +308	+24%	+$761	﹤0.01%	4126
2015 Q4	$3K	Buy	+1,310	New	+$3K	﹤0.01%	4239