Meru Capital Group’s Restaurant Brands International QSR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-447,000	Closed	-$16.1M	–	31
2015 Q3	$16.1M	Sell	447,000 -26,550	-6%	-$954K	4.19%	10
2015 Q2	$18.1M	Buy	473,550 +26,450	+6%	+$1.01M	3.9%	8
2015 Q1	$17.2M	Buy	447,100 +135,100	+43%	+$5.19M	3.91%	8
2014 Q4	$12.2M	Buy	+312,000	New	+$12.2M	3.94%	8