Hussman Strategic Advisors’s Blackhawk Network Holdings, Inc. Common Stock HAWK Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2016 Q2	–	Sell	-82,145	Closed	-$2.82M	–	215
2016 Q1	$2.82M	Hold	82,145	–	–	0.37%	88
2015 Q4	$3.63M	Hold	82,145	–	–	0.52%	74
2015 Q3	$3.48M	Hold	82,145	–	–	0.44%	95
2015 Q2	$3.38M	Hold	82,145	–	–	0.39%	100
2015 Q1	$2.92M	Hold	82,145	–	–	0.31%	107
2014 Q4	$3.1M	Hold	82,145	–	–	0.31%	105
2014 Q3	$2.65M	Sell	82,145 -1,232	-1%	-$39.8K	0.23%	125
2014 Q2	$2.24M	Buy	+83,377	New	+$2.24M	0.17%	119