Lee, Danner & Bass’s Approach Resources Inc. AREX Stock Holding History

Lee, Danner & Bass’s Portfolio AREX Stock Details AREX Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-23,000	Closed	-$42K	–	165
2015 Q4	$42K	Hold	23,000	–	–	0.01%	162
2015 Q3	$43K	Sell	23,000 -70,500	-75%	-$237K	0.01%	163
2015 Q2	$640K	Sell	93,500 -1,000	-1%	-$7.54K	0.08%	116
2015 Q1	$623K	Sell	94,500 -73,500	-44%	-$505K	0.07%	113
2014 Q4	$1.07M	Buy	+168,000	New	+$1.61M	0.13%	94

Other funds holding AREX

First Manhattan New York $36.1B AUM 11.5% 1-Year Est. Return

SCM

Schneider Capital Management Berwyn, Pennsylvania $175M AUM 42.51% 1-Year Est. Return

Boston Partners Boston, Massachusetts $95.5B AUM 28.4% 1-Year Est. Return

CSC

Cove Street Capital El Segundo, California $76.6M AUM 36% 1-Year Est. Return

California Public Employees Retirement System Sacramento, California $162B AUM 25.78% 1-Year Est. Return

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

RFC

Russell Frank Company Seattle, Washington $56.9B AUM 2.13% 1-Year Est. Return

Lubar & Co Milwaukee, Wisconsin $119M AUM

BIT

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

BFA

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

Lee, Danner & Bass's AREX Position: Q1 2016 in Review

Lee, Danner & Bass sold out of Approach Resources Inc. (AREX) in Q1 2016, closing a stake of 23,000 shares — an estimated $42K sold.

Lee, Danner & Bass first reported a position in AREX in Q4 2014 and held it in 5 quarters. The position peaked at $1.07M in Q4 2014. 74 funds tracked by Wall St. Rank hold AREX as of Q1 2016.

Lee, Danner & Bass reported no remaining Approach Resources Inc. position as of Q1 2016 after selling out during the quarter.
Lee, Danner & Bass sold 23,000 Approach Resources Inc. shares in Q1 2016, an estimated $42K.
Lee, Danner & Bass first reported a position in Approach Resources Inc. in Q4 2014 and held it in 5 quarters.
Lee, Danner & Bass's Approach Resources Inc. position peaked at $1.07M in Q4 2014.
74 funds tracked by Wall St. Rank held Approach Resources Inc. as of Q1 2016.

Based on Lee, Danner & Bass's 13F filing for Q1 2016, filed 27 Apr 2016.