Denali Advisors’s Phibro Animal Health PAHC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$882K	Buy	+15,949	New	+$759K	0.1%	193
2021 Q4	–	Sell	-21,900	Closed	-$472K	–	403
2021 Q3	$472K	Sell	21,900 -8,000	-27%	-$193K	0.2%	120
2021 Q2	$864K	Hold	29,900	–	–	0.33%	79
2021 Q1	$730K	Buy	29,900 +16,500	+123%	+$373K	0.22%	130
2020 Q4	$260K	Hold	13,400	–	–	0.04%	231
2020 Q3	$233K	Hold	13,400	–	–	0.05%	235
2020 Q2	$352K	Buy	13,400 +5,400	+68%	+$134K	0.07%	226
2020 Q1	$193K	Buy	+8,000	New	+$196K	0.04%	204
2019 Q2	–	Sell	-19	Closed	-$1K	–	321
2019 Q1	$1K	Sell	19 -30	-61%	-$934	﹤0.01%	252
2018 Q4	$2K	Hold	49	–	–	﹤0.01%	210
2018 Q3	$2K	Buy	+49	New	+$2.31K	﹤0.01%	226
2018 Q2	–	Sell	-80	Closed	-$3K	–	297
2018 Q1	$3K	Buy	80 +70	+700%	+$2.59K	﹤0.01%	203
2017 Q4	$0	Hold	10	–	–	﹤0.01%	291
2017 Q3	$0	Sell	10 -69	-87%	-$2.59K	﹤0.01%	288
2017 Q2	$3K	Buy	+79	New	+$2.58K	﹤0.01%	193