Gruss Capital Management’s Sanofi Contingent Value Rights GCVRZ Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2018 Q4	–	Sell	-4,586,200	Closed	-$2.43M	–	15
2018 Q3	$2.43M	Sell	4,586,200 -913,800	-17%	-$484K	0.34%	12
2018 Q2	$2.75M	Hold	5,500,000	–	–	0.29%	17
2018 Q1	$2.32M	Hold	5,500,000	–	–	0.23%	13
2017 Q4	$2.09M	Hold	5,500,000	–	–	0.17%	14
2017 Q3	$1.98M	Hold	5,500,000	–	–	0.17%	17
2017 Q2	$2.09M	Hold	5,500,000	–	–	0.17%	19
2017 Q1	$2.48M	Hold	5,500,000	–	–	0.18%	17
2016 Q4	$2.09M	Hold	5,500,000	–	–	0.05%	14
2016 Q3	$1.49M	Hold	5,500,000	–	–	0.04%	20
2016 Q2	$1.32M	Hold	5,500,000	–	–	0.04%	15
2016 Q1	$627K	Hold	5,500,000	–	–	0.02%	24
2015 Q4	$619K	Hold	5,500,000	–	–	0.02%	50
2015 Q3	$1.05M	Buy	5,500,000 +1,500,000	+38%	+$286K	0.03%	54
2015 Q2	$2.8M	Hold	4,000,000	–	–	0.1%	42
2015 Q1	$2.71M	Hold	4,000,000	–	–	0.11%	35
2014 Q4	$3.16M	Sell	4,000,000 -4,425,000	-53%	-$3.5M	0.09%	33
2014 Q3	$3.92M	Hold	8,425,000	–	–	0.18%	37
2014 Q2	$4.21M	Buy	8,425,000 +925,000	+12%	+$463K	0.2%	36
2014 Q1	$2.4M	Buy	7,500,000 +2,500,000	+50%	+$800K	0.15%	38
2013 Q4	$1.7M	Buy	5,000,000 +2,407,800	+93%	+$819K	0.13%	43
2013 Q3	$5.24M	Hold	2,592,200	–	–	0.51%	22
2013 Q2	$5M	Buy	+2,592,200	New	+$5M	0.54%	23