Newland Capital Management’s Forward Air FWRD Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-30,722	Closed	-$1.28M	–	13
2015 Q3	$1.28M	Sell	30,722 -38,290	-55%	-$1.59M	1.16%	24
2015 Q2	$3.61M	Buy	+69,012	New	+$3.61M	2.93%	9
2014 Q4	–	Sell	-53,456	Closed	-$2.4M	–	41
2014 Q3	$2.4M	Buy	+53,456	New	+$2.4M	1.59%	17