Emancipation Management’s Rand Capital RAND Stock Holding History

Emancipation Management’s Portfolio RAND Stock Details RAND Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q4	$313K	Sell	12,978 -243	-2%	-$5.82K	1.4%	10
2019 Q3	$297K	Sell	13,221 -1,833	-12%	-$43K	1.05%	20
2019 Q2	$355K	Sell	15,054 -3,218	-18%	-$82.7K	1.22%	18
2019 Q1	$466K	Sell	18,272 -6,488	-26%	-$167K	1.21%	23
2018 Q4	$557K	Sell	24,760 -1,222	-5%	-$27K	1.98%	13
2018 Q3	$561K	Sell	25,982 -4	-0%	-$89	1.4%	17
2018 Q2	$629K	Buy	25,986 +137	+0.5%	+$3.16K	1.32%	21
2018 Q1	$626K	Sell	25,849 -5,218	-17%	-$127K	1.11%	24
2017 Q4	$844K	Buy	31,067 +635	+2%	+$16.8K	1.42%	24
2017 Q3	$805K	Sell	30,432 -396	-1%	-$10.2K	1.15%	23
2017 Q2	$774K	Sell	30,828 -1,366	-4%	-$35.8K	1.27%	23
2017 Q1	$881K	Sell	32,194 -333	-1%	-$9.4K	1.31%	17
2016 Q4	$925K	Buy	32,527 +10,871	+50%	+$321K	1.51%	17
2016 Q3	$708K	Sell	21,656 -2,055	-9%	-$64.4K	1.09%	23
2016 Q2	$761K	Sell	23,711 -1,593	-6%	-$58.6K	0.93%	25
2016 Q1	$1.03M	Sell	25,304 -1,693	-6%	-$62K	1.35%	19
2015 Q4	$890K	Buy	26,997 +1,249	+5%	+$42.2K	0.83%	22
2015 Q3	$887K	Buy	25,748 +876	+4%	+$31K	0.83%	25
2015 Q2	$862K	Buy	+24,872	New	+$865K	0.71%	36

Other funds holding RAND

ABC

Associated Banc-Corp Green Bay, Wisconsin $3.78B AUM 21.74% 1-Year Est. Return

SRC

Shufro Rose & Co New York $1.47B AUM 19.38% 1-Year Est. Return

Raffles Associates New York $115M AUM 35.69% 1-Year Est. Return

William Blair & Company Chicago, Illinois $34.9B AUM 18.88% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

M&T Bank Buffalo, New York $29.2B AUM 22.81% 1-Year Est. Return

Minerva Advisors Bala Cynwyd, Pennsylvania $155M AUM 35.49% 1-Year Est. Return

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

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

LTFS

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

Emancipation Management's RAND Position: Q4 2019 in Review

Emancipation Management reduced its Rand Capital (RAND) stake by 1.8% in Q4 2019, selling an estimated $5.82K and leaving 12,978 shares worth $313K. The position accounts for 1.4% of the portfolio, ranked #10.

Emancipation Management first reported a position in RAND in Q2 2015 and has held it in 19 quarters since. The position peaked at $1.03M in Q1 2016. 12 funds tracked by Wall St. Rank hold RAND as of Q4 2019.

Emancipation Management held 12,978 shares of Rand Capital worth $313K as of Q4 2019.
Emancipation Management sold 243 Rand Capital shares in Q4 2019, an estimated $5.82K.
Rand Capital made up 1.4% of Emancipation Management's portfolio in Q4 2019, its #10 holding.
Emancipation Management first reported a position in Rand Capital in Q2 2015 and has held it in 19 quarters since.
Emancipation Management's Rand Capital position peaked at $1.03M in Q1 2016.
12 funds tracked by Wall St. Rank held Rand Capital as of Q4 2019.

Based on Emancipation Management's 13F filing for Q4 2019, filed 10 Feb 2020.