Clovis Capital Management’s iShares Russell 2000 ETF IWM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q1	–	Sell	-40,000	Closed	-$5.39M	–	3
2016 Q4	$5.39M	Sell	40,000 -960,000	-96%	-$123M	55.14%	1
2016 Q3	$124M	Buy	1,000,000 +531,000	+113%	+$64.5M	39%	1
2016 Q2	$53.9M	Sell	469,000 -331,000	-41%	-$37.3M	24.97%	1
2016 Q1	$88.5M	Buy	800,000 +170,400	+27%	+$17.6M	25.65%	1
2015 Q4	$70.9M	Sell	629,600 -1,270,400	-67%	-$147M	18.52%	2
2015 Q3	$207M	Buy	1,900,000 +1,050,000	+124%	+$124M	55.32%	1
2015 Q2	$106M	Buy	850,000 +350,000	+70%	+$43.7M	32.59%	1
2015 Q1	$62.2M	Sell	500,000 -350,000	-41%	-$42.2M	17.49%	1
2014 Q4	$102M	Buy	+850,000	New	+$97.2M	28.45%	1
2014 Q3	–	Sell	-520,000	Closed	-$61.8M	–	28
2014 Q2	$61.8M	Sell	520,000 -190,000	-27%	-$21.6M	19.09%	1
2014 Q1	$82.6M	Buy	710,000 +360,000	+103%	+$41.5M	29.33%	1
2013 Q4	$40.4M	Sell	350,000 -443,100	-56%	-$48.9M	17.61%	1
2013 Q3	$84.6M	Sell	793,100 -456,900	-37%	-$47.3M	30.01%	1
2013 Q2	$121M	Buy	+1,250,000	New	+$119M	34.72%	1