Flossbach Von Storch’s Ultrapar UGP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2019 Q3	–	Sell	-170,000	Closed	-$891K	–	103
2019 Q2	$891K	Buy	170,000 +35,000	+26%	+$183K	0.01%	88
2019 Q1	$807K	Sell	135,000 -25,000	-16%	-$149K	0.01%	89
2018 Q4	$1.08M	Sell	160,000 -60,000	-27%	-$406K	0.01%	89
2018 Q3	$1.02M	Buy	220,000 +80,000	+57%	+$371K	0.01%	92
2018 Q2	$829K	Buy	140,000 +40,000	+40%	+$237K	0.01%	89
2018 Q1	$1.08M	Hold	100,000	–	–	0.01%	88
2017 Q4	$1.14M	Buy	100,000 +20,000	+25%	+$227K	0.01%	81
2017 Q3	$953K	Sell	80,000 -62,000	-44%	-$739K	0.01%	86
2017 Q2	$1.67M	Buy	142,000 +5,000	+4%	+$58.8K	0.02%	77
2017 Q1	$1.56M	Hold	137,000	–	–	0.02%	80
2016 Q4	$1.42M	Sell	137,000 -8,000	-6%	-$83K	0.02%	83
2016 Q3	$1.59M	Buy	145,000 +35,000	+32%	+$383K	0.03%	76
2016 Q2	$1.21M	Hold	110,000	–	–	0.02%	75
2016 Q1	$1.06M	Sell	110,000 -25,000	-19%	-$241K	0.02%	79
2015 Q4	$1.03M	Hold	135,000	–	–	0.02%	83
2015 Q3	$1.13M	Buy	135,000 +52,000	+63%	+$435K	0.02%	78
2015 Q2	$872K	Sell	83,000 -28,000	-25%	-$294K	0.02%	85
2015 Q1	$1.12M	Sell	111,000 -54,000	-33%	-$545K	0.03%	80
2014 Q4	$1.57M	Buy	165,000 +138,000	+511%	+$1.32M	0.04%	77
2014 Q3	$285K	Buy	27,000 +7,000	+35%	+$73.9K	0.01%	83
2014 Q2	$236K	Buy	+20,000	New	+$236K	0.01%	84