Gruber & McBaine Capital Management’s Penske Automotive Group PAG Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-18,900	Closed	-$767K	–	204
2014 Q3	$767K	Sell	18,900 -6,100	-24%	-$248K	0.22%	127
2014 Q2	$1.24M	Hold	25,000	–	–	0.33%	110
2014 Q1	$1.07M	Hold	25,000	–	–	0.28%	117
2013 Q4	$1.18M	Buy	+25,000	New	+$1.18M	0.31%	96