Gramercy Funds Management’s iShares Russell 2000 Growth ETF IWO Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-48,800	Closed	-$6.8M	–	80
2015 Q4	$6.8M	Sell	48,800 -90,900	-65%	-$12.7M	2.11%	11
2015 Q3	$18.7M	Sell	139,700 -106,100	-43%	-$14.2M	6.35%	5
2015 Q2	$38M	Buy	245,800 +140,800	+134%	+$21.8M	11.88%	2
2015 Q1	$15.9M	Buy	+105,000	New	+$15.9M	4.55%	6