Monarch Alternative Capital’s Star Bulk Carriers SBLK Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q3	–	Sell	-20,000	Closed	-$197K	–	7
2017 Q2	$197K	Hold	20,000	–	–	0.02%	5
2017 Q1	$238K	Hold	20,000	–	–	0.02%	5
2016 Q4	$102K	Sell	20,000 -2,323,893	-99%	-$11.5M	0.03%	6
2016 Q3	$10.6M	Sell	2,343,893 -5,966	-0.3%	-$25.2K	9.8%	4
2016 Q2	$6.96M	Buy	2,349,859 +9,195	+0.4%	+$36.9K	8.53%	3
2016 Q1	$8.78M	Hold	2,340,664	–	–	7.68%	4
2015 Q4	$7.08M	Buy	2,340,664 +43,463	+2%	+$291K	2.95%	7
2015 Q3	$23.5M	Hold	2,297,201	–	–	8.29%	7
2015 Q2	$33.8M	Buy	2,297,201 +375,000	+20%	+$6.44M	7.32%	7
2015 Q1	$34.9M	Buy	1,922,201 +690,000	+56%	+$14.7M	8.39%	6
2014 Q4	$40.4M	Hold	1,232,201	–	–	10.85%	6
2014 Q3	$67.9M	Hold	1,232,201	–	–	15.47%	3
2014 Q2	$79.9M	Hold	1,232,201	–	–	18.16%	1
2014 Q1	$87.9M	Hold	1,232,201	–	–	19.32%	1
2013 Q4	$82.1M	Buy	1,232,201 +459,023	+59%	+$21M	25.74%	1
2013 Q3	$39.2M	Buy	+773,178	New	+$28.8M	14.13%	4