Kerrisdale Advisers’s Potbelly PBPB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q3	–	Sell	-96,081	Closed	-$1.2M	–	31
2016 Q2	$1.2M	Sell	96,081 -267,445	-74%	-$3.35M	0.33%	32
2016 Q1	$4.95M	Buy	363,526 +20,734	+6%	+$282K	0.84%	30
2015 Q4	$4.01M	Buy	+342,792	New	+$4.01M	1.03%	26