Mangrove Partners’s NL Industries NL Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2016 Q3	–	Sell	-227,552	Closed	-$585K	–	24
2016 Q2	$585K	Sell	227,552 -15,383	-6%	-$39.5K	0.15%	27
2016 Q1	$549K	Sell	242,935 -51,110	-17%	-$116K	0.11%	34
2015 Q4	$894K	Sell	294,045 -15,888	-5%	-$48.3K	0.22%	37
2015 Q3	$927K	Buy	309,933 +19,925	+7%	+$59.6K	0.21%	38
2015 Q2	$2.15M	Buy	290,008 +14,800	+5%	+$110K	0.53%	34
2015 Q1	$2.13M	Hold	275,208	–	–	0.51%	37
2014 Q4	$2.37M	Hold	275,208	–	–	0.65%	31
2014 Q3	$2.03M	Buy	275,208 +78,752	+40%	+$580K	0.59%	31
2014 Q2	$1.83M	Buy	196,456 +89,630	+84%	+$833K	0.6%	26
2014 Q1	$1.16M	Buy	+106,826	New	+$1.16M	0.39%	27