FrontFour Capital Group’s United Airlines UAL Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-190,966	Closed	-$10.9M	–	40
2015 Q4	$10.9M	Buy	+190,966	New	+$10.9M	2.22%	12
2015 Q3	–	Sell	-132,687	Closed	-$7.03M	–	30
2015 Q2	$7.03M	Buy	+132,687	New	+$7.03M	1.06%	22