Nantahala Capital Management’s Ferrari RACE Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2017 Q1	–	Sell	-129,064	Closed	-$7.5M	–	53
2016 Q4	$7.5M	Sell	129,064 -60,518	-32%	-$3.52M	0.78%	24
2016 Q3	$9.83M	Hold	189,582	–	–	1.19%	19
2016 Q2	$7.76M	Sell	189,582 -25,500	-12%	-$1.04M	0.84%	26
2016 Q1	$8.97M	Buy	+215,082	New	+$8.97M	0.92%	24