Global Endowment Management’s Plains All American Pipeline PAA Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q4	–	Sell	-82,300	Closed	-$1.74M	–	222
2017 Q3	$1.74M	Hold	82,300	–	–	0.25%	84
2017 Q2	$2.16M	Buy	82,300 +23,800	+41%	+$659K	0.29%	77
2017 Q1	$1.85M	Buy	58,500 +7,800	+15%	+$247K	0.27%	77
2016 Q4	$1.64M	Buy	50,700 +20,200	+66%	+$638K	0.25%	73
2016 Q3	$958K	Hold	30,500	–	–	0.16%	95
2016 Q2	$838K	Sell	30,500 -900	-3%	-$21.8K	0.18%	79
2016 Q1	$658K	Buy	+31,400	New	+$661K	0.14%	92
2015 Q3	–	Sell	-45,440	Closed	-$1.98M	–	238
2015 Q2	$1.98M	Buy	45,440 +24,100	+113%	+$1.16M	0.28%	114
2015 Q1	$1.04M	Buy	21,340 +1,410	+7%	+$70K	0.16%	143
2014 Q4	$1.02M	Sell	19,930 -20	-0.1%	-$1.06K	0.17%	144
2014 Q3	$1.17M	Sell	19,950 -12,440	-38%	-$729K	0.18%	132
2014 Q2	$1.95M	Sell	32,390 -37,000	-53%	-$2.11M	0.29%	105
2014 Q1	$3.83M	Sell	69,390 -8,700	-11%	-$457K	0.6%	52
2013 Q4	$4.04M	Buy	78,090 +29,510	+61%	+$1.51M	0.82%	14
2013 Q3	$2.56M	Sell	48,580 -26,850	-36%	-$1.43M	0.64%	42
2013 Q2	$4.21M	Buy	+75,430	New	+$4.27M	1.17%	11