Montanaro Asset Management’s Energy Recovery ERII Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-128,160	Closed	-$1.73M	–	45
2025 Q4	$1.73M	Sell	128,160 -77,400	-38%	-$1.17M	0.48%	37
2025 Q3	$3.17M	Hold	205,560	–	–	0.79%	34
2025 Q2	$2.63M	Sell	205,560 -11,140	-5%	-$151K	0.68%	38
2025 Q1	$3.44M	Sell	216,700 -205,700	-49%	-$3.13M	1.01%	34
2024 Q4	$6.21M	Sell	422,400 -73,600	-15%	-$1.26M	1.28%	34
2024 Q3	$8.63M	Sell	496,000 -11,000	-2%	-$174K	1.54%	28
2024 Q2	$6.74M	Hold	507,000	–	–	1.26%	30
2024 Q1	$8.01M	Sell	507,000 -157,000	-24%	-$2.5M	1.45%	27
2023 Q4	$12.5M	Sell	664,000 -184,250	-22%	-$3.42M	2.35%	21
2023 Q3	$18M	Sell	848,250 -750	-0.1%	-$20K	3.17%	12
2023 Q2	$23.7M	Sell	849,000 -70,000	-8%	-$1.75M	3.75%	11
2023 Q1	$21.2M	Buy	919,000 +40,000	+5%	+$879K	3.29%	16
2022 Q4	$18M	Buy	879,000 +10,000	+1%	+$219K	2.93%	18
2022 Q3	$18.9M	Buy	869,000 +10,000	+1%	+$225K	2.89%	19
2022 Q2	$16.7M	Sell	859,000 -25,000	-3%	-$485K	2.51%	20
2022 Q1	$17.8M	Sell	884,000 -175,000	-17%	-$3.41M	2.19%	21
2021 Q4	$22.8M	Buy	1,059,000 +85,000	+9%	+$1.78M	2.3%	18
2021 Q3	$18.5M	Buy	974,000 +152,000	+18%	+$3.09M	2.23%	18
2021 Q2	$18.7M	Buy	+822,000	New	+$16.2M	2.36%	19