Minerva Advisors’s Rand Logistics, Inc. RLOG Stock Holding History

Minerva Advisors’s Portfolio RLOG Stock Details RLOG Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q4	–	Sell	-1,794,669	Closed	-$565K	–	76
2017 Q3	$565K	Hold	1,794,669	–	–	0.3%	47
2017 Q2	$682K	Hold	1,794,669	–	–	0.38%	46
2017 Q1	$1.15M	Hold	1,794,669	–	–	0.61%	35
2016 Q4	$1.49M	Sell	1,794,669 -34,000	-2%	-$29K	0.84%	30
2016 Q3	$1.37M	Hold	1,828,669	–	–	0.86%	30
2016 Q2	$1.9M	Buy	1,828,669 +12,000	+0.7%	+$11.8K	1.29%	20
2016 Q1	$1.75M	Buy	1,816,669 +55,826	+3%	+$58.7K	1.19%	23
2015 Q4	$2.82M	Buy	1,760,843 +322,899	+22%	+$669K	1.86%	16
2015 Q3	$3.02M	Buy	1,437,944 +440,729	+44%	+$1.18M	2.14%	15
2015 Q2	$3.23M	Hold	997,215	–	–	1.98%	17
2015 Q1	$3.22M	Buy	997,215 +269,575	+37%	+$921K	1.87%	16
2014 Q4	$2.87M	Buy	727,640 +422,100	+138%	+$2.03M	1.62%	18
2014 Q3	$1.71M	Hold	305,540	–	–	1.06%	25
2014 Q2	$1.83M	Hold	305,540	–	–	1.04%	24
2014 Q1	$2.12M	Hold	305,540	–	–	1.25%	22
2013 Q4	$1.76M	Hold	305,540	–	–	1.02%	28
2013 Q3	$1.48M	Buy	305,540 +131,770	+76%	+$670K	0.92%	33
2013 Q2	$888K	Buy	+173,770	New	+$973K	0.59%	41

Other funds holding RLOG

Susquehanna International Group Bala Cynwyd, Pennsylvania $893B AUM 36.07% 1-Year Est. Return

DMK

David M. Knott $275M AUM 59.23% 1-Year Est. Return

Guggenheim Capital Chicago, Illinois $12.9B AUM 27.3% 1-Year Est. Return

PNC Financial Services Group Pittsburgh, Pennsylvania $173B AUM 20.72% 1-Year Est. Return

California Public Employees Retirement System Sacramento, California $162B AUM 25.78% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

CCA

Cobblestone Capital Advisors Rochester, New York $2.08B AUM 17.27% 1-Year Est. Return

TSS

Two Sigma Securities New York $861M AUM 21.33% 1-Year Est. Return

Citadel Advisors Miami, Florida $618B AUM 30.34% 1-Year Est. Return

Minerva Advisors's RLOG Position: Q4 2017 in Review

Minerva Advisors sold out of Rand Logistics, Inc. (RLOG) in Q4 2017, closing a stake of 1,794,669 shares — an estimated $565K sold.

Minerva Advisors first reported a position in RLOG in Q2 2013 and held it in 18 quarters. The position peaked at $3.23M in Q2 2015. 18 funds tracked by Wall St. Rank hold RLOG as of Q4 2017.

Minerva Advisors reported no remaining Rand Logistics, Inc. position as of Q4 2017 after selling out during the quarter.
Minerva Advisors sold 1,794,669 Rand Logistics, Inc. shares in Q4 2017, an estimated $565K.
Minerva Advisors first reported a position in Rand Logistics, Inc. in Q2 2013 and held it in 18 quarters.
Minerva Advisors's Rand Logistics, Inc. position peaked at $3.23M in Q2 2015.
18 funds tracked by Wall St. Rank held Rand Logistics, Inc. as of Q4 2017.

Based on Minerva Advisors's 13F filing for Q4 2017, filed 1 Feb 2018.