Minerva Advisors’s Hallador Energy HNRG Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-16,720	Closed	-$185K	–	72
2014 Q4	$185K	Hold	16,720	–	–	0.1%	68
2014 Q3	$198K	Sell	16,720 -2,700	-14%	-$32K	0.12%	66
2014 Q2	$184K	Hold	19,420	–	–	0.1%	68
2014 Q1	$165K	Buy	+19,420	New	+$165K	0.1%	71