GAM Systematic’s Cleveland-Cliffs CLF Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-86,222	Closed	-$373K	–	622
2015 Q2	$373K	Buy	86,222 +40,738	+90%	+$176K	0.05%	314
2015 Q1	$219K	Buy	+45,484	New	+$219K	0.03%	339