GAM Systematic’s MDU Resources MDU Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2017 Q1	–	Sell	-79,181	Closed	-$866K	–	642
2016 Q4	$866K	Sell	79,181 -1,764	-2%	-$19.3K	0.2%	203
2016 Q3	$783K	Sell	80,945 -54,165	-40%	-$524K	0.16%	262
2016 Q2	$1.23M	Buy	+135,110	New	+$1.23M	0.3%	88