Loeb Offshore Management’s Grifois GRFS Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-11,602	Closed	-$240K	–	127
2014 Q1	$240K	Sell	11,602 -16,314	-58%	-$337K	0.07%	129
2013 Q4	$504K	Buy	27,916 +10,916	+64%	+$197K	0.14%	122
2013 Q3	$257K	Buy	+17,000	New	+$257K	0.08%	172