GAM Systematic’s Herc Holdings HRI Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2017 Q1	–	Sell	-24,141	Closed	-$970K	–	627
2016 Q4	$970K	Sell	24,141 -36,264	-60%	-$1.46M	0.23%	162
2016 Q3	$2.04M	Buy	+60,405	New	+$2.04M	0.43%	25