Element Capital Management’s Merchants Bancorp MBIN Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2018 Q4	–	Sell	-14,169	Closed	-$240K	–	791
2018 Q3	$240K	Buy	14,169 +3,571	+34%	+$60.5K	﹤0.01%	683
2018 Q2	$202K	Sell	10,598 -11,220	-51%	-$214K	0.01%	720
2018 Q1	$313K	Buy	+21,818	New	+$313K	0.01%	463