Employees Retirement System of Texas’s Approach Resources Inc. AREX Stock Holding History

Employees Retirement System of Texas’s Portfolio AREX Stock Details AREX Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-48,000	Closed	-$696K	–	1004
2014 Q3	$696K	Sell	48,000 -16,000	-25%	-$299K	0.01%	867
2014 Q2	$1.46M	Hold	64,000	–	–	0.02%	725
2014 Q1	$1.34M	Hold	64,000	–	–	0.02%	752
2013 Q4	$1.24M	Buy	64,000 +22,000	+52%	+$540K	0.02%	810
2013 Q3	$1.1M	Sell	42,000 -12,000	-22%	-$304K	0.01%	871
2013 Q2	$1.33M	Buy	+54,000	New	+$1.35M	0.02%	806

Other funds holding AREX

First Manhattan New York $36.1B AUM 11.5% 1-Year Est. Return

RIM

RS Investment Management San Francisco, California $9.73B AUM 3.24% 1-Year Est. Return

CSC

Cove Street Capital El Segundo, California $76.6M AUM 36% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Boston Partners Boston, Massachusetts $113B AUM 38.87% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.14% 1-Year Est. Return

Artisan Partners Milwaukee, Wisconsin $62.3B AUM 26.25% 1-Year Est. Return

CIP

Champlain Investment Partners Burlington, Vermont $7.88B AUM 6.82% 1-Year Est. Return

Icon Advisers Greenwood Village, Colorado $433M AUM 40.01% 1-Year Est. Return

Employees Retirement System of Texas's AREX Position: Q4 2014 in Review

Employees Retirement System of Texas sold out of Approach Resources Inc. (AREX) in Q4 2014, closing a stake of 48,000 shares — an estimated $696K sold.

Employees Retirement System of Texas first reported a position in AREX in Q2 2013 and held it in 6 quarters. The position peaked at $1.46M in Q2 2014. 156 funds tracked by Wall St. Rank hold AREX as of Q4 2014.

Employees Retirement System of Texas reported no remaining Approach Resources Inc. position as of Q4 2014 after selling out during the quarter.
Employees Retirement System of Texas sold 48,000 Approach Resources Inc. shares in Q4 2014, an estimated $696K.
Employees Retirement System of Texas first reported a position in Approach Resources Inc. in Q2 2013 and held it in 6 quarters.
Employees Retirement System of Texas's Approach Resources Inc. position peaked at $1.46M in Q2 2014.
156 funds tracked by Wall St. Rank held Approach Resources Inc. as of Q4 2014.

Based on Employees Retirement System of Texas's 13F filing for Q4 2014, filed 9 Feb 2015.