Cobalt Capital Management’s Rayonier Advanced Materials RYAM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-115,155	Closed	-$705K	–	70
2015 Q3	$705K	Buy	+115,155	New	+$705K	0.07%	60
2015 Q1	–	Sell	-132,994	Closed	-$2.97M	–	79
2014 Q4	$2.97M	Buy	+132,994	New	+$2.97M	0.36%	53