BRC Investment Management’s SM Energy SM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-59,850	Closed	-$4.67M	–	142
2014 Q3	$4.67M	Sell	59,850 -3,740	-6%	-$292K	0.71%	44
2014 Q2	$5.35M	Buy	+63,590	New	+$5.35M	0.77%	40