Narwhal Capital Management’s Alliance Resource Partners ARLP Stock Holding History

Narwhal Capital Management’s Portfolio ARLP Stock Details ARLP Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-75,360	Closed	-$1.68M	–	131
2015 Q3	$1.68M	Buy	75,360 +3,300	+5%	+$80.6K	0.63%	53
2015 Q2	$1.8M	Buy	72,060 +1,460	+2%	+$44.5K	0.65%	51
2015 Q1	$2.36M	Buy	70,600 +18,600	+36%	+$704K	0.86%	40
2014 Q4	$2.24M	Buy	52,000 +13,700	+36%	+$608K	0.87%	37
2014 Q3	$1.64M	Hold	38,300	–	–	0.66%	53
2014 Q2	$1.79M	Buy	38,300 +3,000	+8%	+$134K	0.68%	52
2014 Q1	$1.49M	Hold	35,300	–	–	0.62%	62
2013 Q4	$1.36M	Buy	35,300 +4,300	+14%	+$162K	0.56%	68
2013 Q3	$1.15M	Hold	31,000	–	–	0.55%	71
2013 Q2	$1.09M	Buy	+31,000	New	+$1.09M	0.53%	73

Other funds holding ARLP

EIP

Energy Income Partners Westport, Connecticut $6.22B AUM 18.97% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Allianz Asset Management Munich, Germany $95.4B AUM 38.74% 1-Year Est. Return

Magnolia Group Omaha, Nebraska $538M AUM 5.13% 1-Year Est. Return

EAM

Edge Asset Management Seattle, Washington $13.2B AUM 19.52% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Deutsche Bank Frankfurt Am Main Ge, Germany $303B AUM 30.15% 1-Year Est. Return

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

Narwhal Capital Management's ARLP Position: Q4 2015 in Review

Narwhal Capital Management sold out of Alliance Resource Partners (ARLP) in Q4 2015, closing a stake of 75,360 shares — an estimated $1.68M sold.

Narwhal Capital Management first reported a position in ARLP in Q2 2013 and held it in 10 quarters. The position peaked at $2.36M in Q1 2015. 117 funds tracked by Wall St. Rank hold ARLP as of Q4 2015.

Narwhal Capital Management reported no remaining Alliance Resource Partners position as of Q4 2015 after selling out during the quarter.
Narwhal Capital Management sold 75,360 Alliance Resource Partners shares in Q4 2015, an estimated $1.68M.
Narwhal Capital Management first reported a position in Alliance Resource Partners in Q2 2013 and held it in 10 quarters.
Narwhal Capital Management's Alliance Resource Partners position peaked at $2.36M in Q1 2015.
117 funds tracked by Wall St. Rank held Alliance Resource Partners as of Q4 2015.

Based on Narwhal Capital Management's 13F filing for Q4 2015, filed 15 Jan 2016.