First Quadrant’s ARC Document Solutions, Inc. ARC Stock Holding History

First Quadrant’s Portfolio ARC Stock Details ARC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q3	–	Sell	-148,175	Closed	-$262K	–	907
2018 Q2	$262K	Sell	148,175 -14,016	-9%	-$29.2K	﹤0.01%	565
2018 Q1	$357K	Sell	162,191 -119,794	-42%	-$281K	0.01%	541
2017 Q4	$719K	Buy	281,985 +35,258	+14%	+$116K	0.01%	492
2017 Q3	$1.01M	Sell	246,727 -171	-0.1%	-$651	0.02%	434
2017 Q2	$1.03M	Sell	246,898 -25,377	-9%	-$94.2K	0.02%	420
2017 Q1	$939K	Buy	272,275 +30,218	+12%	+$136K	0.02%	459
2016 Q4	$1.23M	Buy	242,057 +81,582	+51%	+$341K	0.03%	416
2016 Q3	$600K	Buy	160,475 +127,975	+394%	+$463K	0.01%	520
2016 Q2	$126K	Buy	32,500 +18,200	+127%	+$74.2K	﹤0.01%	631
2016 Q1	$64K	Buy	+14,300	New	+$53.6K	﹤0.01%	675
2014 Q2	–	Sell	-17,100	Closed	-$127K	–	853
2014 Q1	$127K	Sell	17,100 -42,200	-71%	-$317K	﹤0.01%	566
2013 Q4	$487K	Buy	+59,300	New	+$424K	0.01%	469

Other funds holding ARC

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

PAIM

Punch & Associates Investment Management Edina, Minnesota $1.73B AUM 27.65% 1-Year Est. Return

Pzena Investment Management New York $30.8B AUM 11.29% 1-Year Est. Return

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

D.E. Shaw & Co New York $166B AUM 43.98% 1-Year Est. Return

AWW

Alan W. Weber $336M AUM 75.94% 1-Year Est. Return

PRCP

Pacific Ridge Capital Partners Lake Oswego, Oregon $462M AUM 40.76% 1-Year Est. Return

Millennium Management New York $240B AUM 35.51% 1-Year Est. Return

First Quadrant's ARC Position: Q3 2018 in Review

First Quadrant sold out of ARC Document Solutions, Inc. (ARC) in Q3 2018, closing a stake of 148,175 shares — an estimated $262K sold.

First Quadrant first reported a position in ARC in Q4 2013 and held it in 12 quarters. The position peaked at $1.23M in Q4 2016. 82 funds tracked by Wall St. Rank hold ARC as of Q3 2018.

First Quadrant reported no remaining ARC Document Solutions, Inc. position as of Q3 2018 after selling out during the quarter.
First Quadrant sold 148,175 ARC Document Solutions, Inc. shares in Q3 2018, an estimated $262K.
First Quadrant first reported a position in ARC Document Solutions, Inc. in Q4 2013 and held it in 12 quarters.
First Quadrant's ARC Document Solutions, Inc. position peaked at $1.23M in Q4 2016.
82 funds tracked by Wall St. Rank held ARC Document Solutions, Inc. as of Q3 2018.

Based on First Quadrant's 13F filing for Q3 2018, filed 23 Oct 2018.