Loeb Offshore Management’s Vail Resorts MTN Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-126,979	Closed	-$11M	–	133
2014 Q3	$11M	Buy	126,979 +95,770	+307%	+$8.31M	1.62%	16
2014 Q2	$2.41M	Sell	31,209 -38,119	-55%	-$2.94M	0.42%	58
2014 Q1	$4.83M	Buy	+69,328	New	+$4.83M	1.38%	25