FrontFour Capital Group’s iShares Russell 2000 ETF IWM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q4	–	Sell	-195,900	Closed	-$33M	–	25
2018 Q3	$33M	Buy	+195,900	New	+$33.1M	10.49%	2
2018 Q2	–	Sell	-424,600	Closed	-$64.5M	–	38
2018 Q1	$64.5M	Buy	424,600 +228,500	+117%	+$35.3M	12.91%	2
2017 Q4	$29.9M	Sell	196,100 -413,800	-68%	-$62.2M	8.07%	3
2017 Q3	$90.4M	Buy	+609,900	New	+$85.8M	16.58%	2
2017 Q2	–	Sell	-216,600	Closed	-$29.8M	–	41
2017 Q1	$29.8M	Sell	216,600 -469,800	-68%	-$64.2M	7.9%	2
2016 Q4	$92.6M	Buy	686,400 +294,100	+75%	+$37.6M	29.75%	1
2016 Q3	$48.7M	Buy	392,300 +60,300	+18%	+$7.33M	11.36%	2
2016 Q2	$38.2M	Buy	332,000 +141,100	+74%	+$15.9M	10.53%	2
2016 Q1	$21.1M	Buy	+190,900	New	+$19.8M	5.84%	4
2015 Q4	–	Sell	-1,769,100	Closed	-$193M	–	35
2015 Q3	$193M	Buy	1,769,100 +1,061,900	+150%	+$126M	32.78%	1
2015 Q2	$88.3M	Buy	707,200 +517,600	+273%	+$64.7M	13.26%	2
2015 Q1	$23.6M	Buy	+189,600	New	+$22.9M	3.65%	9
2014 Q3	–	Sell	-459,100	Closed	-$54.5M	–	43
2014 Q2	$54.5M	Sell	459,100 -779,100	-63%	-$88.5M	8.88%	2
2014 Q1	$144M	Buy	1,238,200 +514,700	+71%	+$59.4M	23.01%	1
2013 Q4	$83.5M	Buy	723,500 +82,200	+13%	+$9.08M	21.76%	1
2013 Q3	$68.4M	Buy	+641,300	New	+$66.3M	11.02%	2