Claren Road Asset Management’s United Airlines UAL Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-1,425,000	Closed	-$66.7M	–	15
2014 Q3	$66.7M	Hold	1,425,000	–	–	5.54%	6
2014 Q2	$58.5M	Sell	1,425,000 -1,225,000	-46%	-$50.3M	4.1%	9
2014 Q1	$118M	Buy	2,650,000 +1,300,000	+96%	+$58M	5.18%	3
2013 Q4	$51.1M	Buy	+1,350,000	New	+$51.1M	4.12%	9