Horizon Kinetics’s AmTrust Financial Services, Inc. AFSI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q1	–	Sell	-40,112	Closed	-$404K	–	520
2017 Q4	$404K	Buy	40,112 +4,517	+13%	+$51.2K	0.01%	358
2017 Q3	$479K	Buy	35,595 +1,978	+6%	+$27.9K	0.01%	274
2017 Q2	$509K	Buy	33,617 +3,853	+13%	+$56.9K	0.02%	280
2017 Q1	$550K	Sell	29,764 -127,550	-81%	-$3.11M	0.02%	272
2016 Q4	$4.31M	Sell	157,314 -1,136	-0.7%	-$30.2K	0.14%	76
2016 Q3	$4.25M	Sell	158,450 -4,163	-3%	-$107K	0.12%	81
2016 Q2	$3.98M	Sell	162,613 -4,653	-3%	-$119K	0.1%	86
2016 Q1	$4.33M	Sell	167,266 -205,742	-55%	-$5.47M	0.11%	81
2015 Q4	$5.74M	Buy	373,008 +169,236	+83%	+$5.41M	0.12%	74
2015 Q3	$6.42M	Sell	203,772 -440,804	-68%	-$14M	0.12%	73
2015 Q2	$21.1M	Sell	644,576 -67,384	-9%	-$2.03M	0.3%	50
2015 Q1	$20.3M	Sell	711,960 -53,586	-7%	-$1.45M	0.28%	56
2014 Q4	$21.5M	Sell	765,546 -72,308	-9%	-$1.82M	0.29%	59
2014 Q3	$16.7M	Buy	837,854 +8,188	+1%	+$173K	0.22%	68
2014 Q2	$17.3M	Buy	829,666 +66,300	+9%	+$1.36M	0.22%	64
2014 Q1	$14.4M	Buy	763,366 +153,928	+25%	+$2.7M	0.18%	74
2013 Q4	$9.96M	Buy	609,438 +198,886	+48%	+$3.76M	0.13%	86
2013 Q3	$8.01M	Sell	410,552 -94,121	-19%	-$1.75M	0.11%	89
2013 Q2	$8.19M	Buy	+504,673	New	+$7.64M	0.12%	90