Martingale Asset Management’s Gulf Island Fabrication GIFI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-10,610	Closed	-$206K	–	876
2014 Q4	$206K	Sell	10,610 -13,200	-55%	-$256K	0.01%	819
2014 Q3	$410K	Buy	23,810 +2,895	+14%	+$49.9K	0.01%	706
2014 Q2	$451K	Buy	20,915 +4	+0%	+$86	0.01%	712
2014 Q1	$452K	Buy	+20,911	New	+$452K	0.02%	700