Forty4 Asset Management’s Petrobras PBR Stock Holding History

Forty4 Asset Management’s Portfolio PBR Stock Details PBR Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-400,000	Closed	-$452K	–	31
2014 Q1	$452K	Sell	400,000 -126,900	-24%	-$1.48M	0.36%	22
2013 Q4	$528K	Buy	526,900 +42,800	+9%	+$664K	0.17%	54
2013 Q3	$144K	Buy	+484,100	New	+$6.9M	0.05%	131

Other funds holding PBR

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

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

Franklin Resources San Mateo, California $408B AUM 30.18% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

JHIU

Janus Henderson Investors US Denver, Colorado $122B AUM 18.26% 1-Year Est. Return

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

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

BlackRock Group London, United Kingdom $210B AUM 15.5% 1-Year Est. Return

SIM

Sprucegrove Investment Management Toronto, Ontario, Canada $625M AUM 21.08% 1-Year Est. Return

Macquarie Group Sydney, NSW 2000, Australia $16.8B AUM 27.39% 1-Year Est. Return

Forty4 Asset Management's PBR Position: Q2 2014 in Review

Forty4 Asset Management sold out of Petrobras (PBR) in Q2 2014, closing a stake of 262,048 shares — an estimated $3.45M sold.

Forty4 Asset Management first reported a position in PBR in Q3 2013 and held it in 3 quarters. The position peaked at $3.45M in Q1 2014. 349 funds tracked by Wall St. Rank hold PBR as of Q2 2014.

Forty4 Asset Management reported no remaining Petrobras position as of Q2 2014 after selling out during the quarter.
Forty4 Asset Management sold 262,048 Petrobras shares in Q2 2014, an estimated $3.45M.
Forty4 Asset Management first reported a position in Petrobras in Q3 2013 and held it in 3 quarters.
Forty4 Asset Management's Petrobras position peaked at $3.45M in Q1 2014.
349 funds tracked by Wall St. Rank held Petrobras as of Q2 2014.

Based on Forty4 Asset Management's 13F filing for Q2 2014, filed 14 Aug 2014.