Loudon Investment Management’s Royal Dutch Shell PLC ADS Class A RDS.A Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2019 Q3	–	Sell	-3,180	Closed	-$207K	–	82
2019 Q2	$207K	Buy	+3,180	New	+$207K	0.18%	80
2019 Q1	–	Sell	-3,530	Closed	-$206K	–	83
2018 Q4	$206K	Hold	3,530	–	–	0.2%	78
2018 Q3	$241K	Hold	3,530	–	–	0.19%	81
2018 Q2	$244K	Sell	3,530 -700	-17%	-$48.4K	0.2%	80
2018 Q1	$270K	Sell	4,230 -125	-3%	-$7.98K	0.21%	77
2017 Q4	$291K	Sell	4,355 -3,741	-46%	-$250K	0.22%	74
2017 Q3	$490K	Sell	8,096 -450	-5%	-$27.2K	0.38%	57
2017 Q2	$455K	Sell	8,546 -750	-8%	-$39.9K	0.35%	60
2017 Q1	$490K	Hold	9,296	–	–	0.37%	59
2016 Q4	$506K	Hold	9,296	–	–	0.39%	52
2016 Q3	$465K	Hold	9,296	–	–	0.36%	56
2016 Q2	$513K	Sell	9,296 -220	-2%	-$12.1K	0.41%	51
2016 Q1	$461K	Hold	9,516	–	–	0.37%	50
2015 Q4	$436K	Sell	9,516 -1,000	-10%	-$45.8K	0.35%	54
2015 Q3	$498K	Sell	10,516 -1,000	-9%	-$47.4K	0.43%	45
2015 Q2	$657K	Sell	11,516 -200	-2%	-$11.4K	0.5%	42
2015 Q1	$699K	Hold	11,716	–	–	0.53%	43
2014 Q4	$784K	Hold	11,716	–	–	0.59%	42
2014 Q3	$892K	Sell	11,716 -375	-3%	-$28.6K	0.64%	44
2014 Q2	$996K	Hold	12,091	–	–	0.68%	45
2014 Q1	$883K	Sell	12,091 -1,467	-11%	-$107K	0.64%	47
2013 Q4	$966K	Buy	+13,558	New	+$966K	0.71%	41