Dubuque Bank & Trust’s NAVIOS MARITIME HOLDINGS INC. American Depositary Shares, each representing 1/100th of a 8.75% Series G Cummulative Redeemable Perpetual Preferred Stock, $0.0001 par value NM.PRG Stock Holding History

Dubuque Bank & Trust’s Portfolio NM.PRG Stock Details NM.PRG Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-69,003	Closed	-$1.4M	–	646
2015 Q2	$1.4M	Sell	69,003 -9,047	-12%	-$189K	0.26%	93
2015 Q1	$2.07M	Sell	78,050 -8,115	-9%	-$175K	0.31%	87
2014 Q4	$1.64M	Buy	86,165 +2,650	+3%	+$58.9K	0.26%	62
2014 Q3	$2.12M	Buy	83,515 +8,860	+12%	+$225K	0.35%	62
2014 Q2	$1.92M	Buy	74,655 +4,075	+6%	+$103K	0.3%	67
2014 Q1	$1.76M	Buy	+70,580	New	+$1.74M	0.32%	68

Other funds holding NM.PRG

BAM

Banta Asset Management Newport Beach, California $112M AUM

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

MAS

Madden Advisory Services Jacksonville, Florida $254M AUM 15.17% 1-Year Est. Return

Citigroup New York $235B AUM 32.99% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

LTFS

Ladenburg Thalmann Financial Services Miami, Florida $15.9B AUM 25.16% 1-Year Est. Return

Dubuque Bank & Trust's NM.PRG Position: Q3 2015 in Review

Dubuque Bank & Trust sold out of NAVIOS MARITIME HOLDINGS INC. American Depositary Shares, each representing 1/100th of a 8.75% Series G Cummulative Redeemable Perpetual Preferred Stock, $0.0001 par value (NM.PRG) in Q3 2015, closing a stake of 69,003 shares — an estimated $1.4M sold.

Dubuque Bank & Trust first reported a position in NM.PRG in Q1 2014 and held it in 6 quarters. The position peaked at $2.12M in Q3 2014. 6 funds tracked by Wall St. Rank hold NM.PRG as of Q3 2015.

Dubuque Bank & Trust reported no remaining NAVIOS MARITIME HOLDINGS INC. American Depositary Shares, each representing 1/100th of a 8.75% Series G Cummulative Redeemable Perpetual Preferred Stock, $0.0001 par value position as of Q3 2015 after selling out during the quarter.
Dubuque Bank & Trust sold 69,003 NAVIOS MARITIME HOLDINGS INC. American Depositary Shares, each representing 1/100th of a 8.75% Series G Cummulative Redeemable Perpetual Preferred Stock, $0.0001 par value shares in Q3 2015, an estimated $1.4M.
Dubuque Bank & Trust first reported a position in NAVIOS MARITIME HOLDINGS INC. American Depositary Shares, each representing 1/100th of a 8.75% Series G Cummulative Redeemable Perpetual Preferred Stock, $0.0001 par value in Q1 2014 and held it in 6 quarters.
Dubuque Bank & Trust's NAVIOS MARITIME HOLDINGS INC. American Depositary Shares, each representing 1/100th of a 8.75% Series G Cummulative Redeemable Perpetual Preferred Stock, $0.0001 par value position peaked at $2.12M in Q3 2014.
6 funds tracked by Wall St. Rank held NAVIOS MARITIME HOLDINGS INC. American Depositary Shares, each representing 1/100th of a 8.75% Series G Cummulative Redeemable Perpetual Preferred Stock, $0.0001 par value as of Q3 2015.

Based on Dubuque Bank & Trust's 13F filing for Q3 2015, filed 13 Nov 2015.