Newgate Capital Management’s Safe Bulkers SB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-41,806	Closed	-$278K	–	120
2014 Q3	$278K	Sell	41,806 -82,558	-66%	-$549K	0.16%	97
2014 Q2	$1.21M	Sell	124,364 -38,468	-24%	-$376K	0.32%	91
2014 Q1	$1.55M	Buy	+162,832	New	+$1.55M	0.35%	83