Messner & Smith Theme Value Investment Management’s Calavo Growers CVGW Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-36,237	Closed	-$2.37M	–	87
2016 Q3	$2.37M	Sell	36,237 -1,878	-5%	-$122K	3.81%	4
2016 Q2	$2.55M	Sell	38,115 -10,839	-22%	-$643K	4.71%	3
2016 Q1	$2.79M	Sell	48,954 -28,308	-37%	-$1.47M	5.5%	1
2015 Q4	$3.79M	Sell	77,262 -1,098	-1%	-$55.8K	6.06%	1
2015 Q3	$3.5M	Buy	78,360 +1,368	+2%	+$71.4K	6.91%	1
2015 Q2	$4M	Sell	76,992 -2,224	-3%	-$116K	5.5%	1
2015 Q1	$4.07M	Buy	79,216 +45,365	+134%	+$2.03M	5.8%	1
2014 Q4	$1.6M	Buy	33,851 +1,119	+3%	+$51.4K	2.72%	18
2014 Q3	$1.48M	Buy	32,732 +4,818	+17%	+$183K	2.58%	18
2014 Q2	$945K	Sell	27,914 -53	-0.2%	-$1.73K	1.49%	29
2014 Q1	$995K	Buy	27,967 +8,978	+47%	+$284K	1.5%	27
2013 Q4	$575K	Buy	18,989 +354	+2%	+$10.5K	1.25%	34
2013 Q3	$564K	Buy	18,635 +6,885	+59%	+$190K	1.33%	32
2013 Q2	$319K	Buy	+11,750	New	+$338K	0.74%	46