Hussman Strategic Advisors’s Panera Bread Co PNRA Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2017 Q1	–	Sell	-10,000	Closed	-$2.05M	–	250
2016 Q4	$2.05M	Sell	10,000 -35,000	-78%	-$7.18M	0.41%	97
2016 Q3	$8.76M	Sell	45,000 -15,000	-25%	-$2.92M	1.45%	16
2016 Q2	$12.7M	Sell	60,000 -5,000	-8%	-$1.06M	1.94%	5
2016 Q1	$13.3M	Buy	65,000 +35,000	+117%	+$7.17M	1.76%	9
2015 Q4	$5.84M	Sell	30,000 -20,000	-40%	-$3.9M	0.83%	50
2015 Q3	$9.67M	Hold	50,000	–	–	1.22%	20
2015 Q2	$8.74M	Buy	50,000 +25,000	+100%	+$4.37M	1.01%	37
2015 Q1	$4M	Hold	25,000	–	–	0.42%	94
2014 Q4	$4.37M	Hold	25,000	–	–	0.43%	86
2014 Q3	$4.07M	Sell	25,000 -25,000	-50%	-$4.07M	0.35%	107
2014 Q2	$7.49M	Sell	50,000 -60,000	-55%	-$8.99M	0.58%	75
2014 Q1	$19.4M	Sell	110,000 -10,000	-8%	-$1.76M	1.45%	12
2013 Q4	$21.2M	Sell	120,000 -15,000	-11%	-$2.65M	1.51%	7
2013 Q3	$21.4M	Buy	135,000 +35,000	+35%	+$5.55M	1.18%	26
2013 Q2	$18.6M	Buy	+100,000	New	+$18.6M	0.85%	44