Global Endowment Management’s AB InBev BUD Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-14,990	Closed	-$1.81M	–	222
2015 Q2	$1.81M	Hold	14,990	–	–	0.25%	121
2015 Q1	$1.83M	Buy	14,990 +730	+5%	+$89K	0.29%	104
2014 Q4	$1.6M	Buy	+14,260	New	+$1.6M	0.27%	117