Kerrisdale Advisers’s BGC Group BGC Stock Holding History

Kerrisdale Advisers’s Portfolio BGC Stock Details BGC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q3	–	Sell	-45,367	Closed	-$254K	–	23
2016 Q2	$254K	Sell	45,367 -193,724	-81%	-$1.12M	0.07%	33
2016 Q1	$1.39M	Sell	239,091 -21,510	-8%	-$124K	0.24%	38
2015 Q4	$1.64M	Sell	260,601 -653,739	-71%	-$3.76M	0.42%	34
2015 Q3	$4.83M	Buy	914,340 +46,442	+5%	+$270K	1.41%	20
2015 Q2	$4.88M	Sell	867,898 -164,594	-16%	-$996K	1.67%	16
2015 Q1	$6.28M	Sell	1,032,492 -688,713	-40%	-$3.92M	2.06%	15
2014 Q4	$10.1M	Buy	1,721,205 +324,474	+23%	+$1.74M	5.06%	7
2014 Q3	$6.67M	Sell	1,396,731 -1,309,880	-48%	-$6.41M	3.45%	12
2014 Q2	$12.9M	Buy	2,706,611 +951,560	+54%	+$4.37M	6.17%	5
2014 Q1	$7.38M	Buy	+1,755,051	New	+$7.45M	3.63%	10

Other funds holding BGC

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Schroder Investment Management Group London, United Kingdom $141B AUM 34.18% 1-Year Est. Return

CCMLC

Cardinal Capital Management LLC (Connecticut) Greenwich, Connecticut $365M AUM 18.32% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Northern Trust Chicago, Illinois $860B AUM 41.15% 1-Year Est. Return

JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return

EAM

Edge Asset Management Seattle, Washington $13.2B AUM 19.52% 1-Year Est. Return

Kerrisdale Advisers's BGC Position: Q3 2016 in Review

Kerrisdale Advisers sold out of BGC Group (BGC) in Q3 2016, closing a stake of 45,367 shares — an estimated $254K sold.

Kerrisdale Advisers first reported a position in BGC in Q1 2014 and held it in 10 quarters. The position peaked at $12.9M in Q2 2014. 205 funds tracked by Wall St. Rank hold BGC as of Q3 2016.

Kerrisdale Advisers reported no remaining BGC Group position as of Q3 2016 after selling out during the quarter.
Kerrisdale Advisers sold 45,367 BGC Group shares in Q3 2016, an estimated $254K.
Kerrisdale Advisers first reported a position in BGC Group in Q1 2014 and held it in 10 quarters.
Kerrisdale Advisers's BGC Group position peaked at $12.9M in Q2 2014.
205 funds tracked by Wall St. Rank held BGC Group as of Q3 2016.

Based on Kerrisdale Advisers's 13F filing for Q3 2016, filed 10 Nov 2016.