Granite Investment Partners’s Research Frontiers REFR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-45,756	Closed	-$119K	–	311
2016 Q3	$119K	Sell	45,756 -249,183	-84%	-$648K	0.01%	300
2016 Q2	$1.08M	Buy	294,939 +104,294	+55%	+$381K	0.08%	222
2016 Q1	$870K	Buy	190,645 +36,440	+24%	+$166K	0.08%	249
2015 Q4	$804K	Buy	+154,205	New	+$804K	0.07%	249