Dreman Value Management’s Banco Santander SAN Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-6,594	Closed	-$28K	–	476
2016 Q3	$28K	Sell	6,594 -315	-5%	-$1.29K	0.02%	290
2016 Q2	$26K	Sell	6,909 -6,338	-48%	-$27.5K	0.02%	292
2016 Q1	$55K	Sell	13,247 -1,758	-12%	-$7.23K	0.01%	311
2015 Q4	$70K	Sell	15,005 -163,215	-92%	-$847K	0.02%	140
2015 Q3	$893K	Sell	178,220 -421,931	-70%	-$2.56M	0.09%	194
2015 Q2	$3.99M	Sell	600,151 -64,819	-10%	-$452K	0.33%	112
2015 Q1	$4.7M	Buy	664,970 +97,252	+17%	+$658K	0.41%	91
2014 Q4	$4.39M	Sell	567,718 -103,146	-15%	-$829K	0.36%	122
2014 Q3	$5.79M	Buy	670,864 +7,985	+1%	+$72K	0.47%	100
2014 Q2	$6.27M	Sell	662,879 -96,014	-13%	-$881K	0.47%	101
2014 Q1	$6.6M	Buy	758,893 +104,420	+16%	+$853K	0.51%	82
2013 Q4	$7.61M	Sell	654,473 -235,187	-26%	-$1.87M	0.57%	64
2013 Q3	$6.6M	Buy	+889,660	New	+$5.91M	0.6%	72