BTG Pactual Global Asset Management’s Mercer International MERC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2013 Q4	–	Sell	-50,000	Closed	-$354K	–	146
2013 Q3	$354K	Hold	50,000	–	–	0.08%	91
2013 Q2	$326K	Buy	+50,000	New	+$326K	0.09%	85