Forty4 Asset Management’s Petrobras PBR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-262,048	Closed	-$3.45M	–	17
2014 Q1	$3.45M	Buy	262,048 +136,950	+109%	+$1.8M	2.76%	6
2013 Q4	$1.72M	Buy	125,098 +43,500	+53%	+$599K	0.55%	25
2013 Q3	$1.26M	Buy	+81,598	New	+$1.26M	0.47%	29