Herndon Capital Management’s Petrobras PBR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-180,946	Closed	-$1.64M	–	220
2015 Q2	$1.64M	Sell	180,946 -36,911	-17%	-$334K	0.03%	83
2015 Q1	$1.31M	Sell	217,857 -2,394	-1%	-$14.3K	0.02%	108
2014 Q4	$1.61M	Buy	+220,251	New	+$1.61M	0.02%	100