Churchill Management’s Alcoa AA Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-60,427	Closed	-$2.34M	–	171
2014 Q3	$2.34M	Buy	60,427 +10,135	+20%	+$392K	0.1%	104
2014 Q2	$1.8M	Buy	50,292 +17,201	+52%	+$615K	0.08%	113
2014 Q1	$1.02M	Buy	+33,091	New	+$1.02M	0.04%	135