Norges Bank’s Approach Resources Inc. AREX Stock Holding History

Norges Bank’s Portfolio AREX Stock Details AREX Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q2	–	Sell	-140,761	Closed	-$928K	–	2318
2015 Q1	$928K	Sell	140,761 -63,592	-31%	-$437K	﹤0.01%	2167
2014 Q4	$1.31M	Hold	204,353	–	–	﹤0.01%	2155
2014 Q3	$2.96M	Sell	204,353 -552,291	-73%	-$10.3M	﹤0.01%	2034
2014 Q2	$17.2M	Buy	756,644 +378,322	+100%	+$7.68M	﹤0.01%	1690
2014 Q1	$7.91M	Hold	378,322	–	–	﹤0.01%	1697
2013 Q4	$7.3M	Hold	378,322	–	–	﹤0.01%	1740
2013 Q3	$9.94M	Buy	378,322 +113,695	+43%	+$2.88M	0.01%	1565
2013 Q2	$6.5M	Buy	+264,627	New	+$6.61M	﹤0.01%	1717

Other funds holding AREX

First Manhattan New York $36.1B AUM 11.5% 1-Year Est. Return

RIM

RS Investment Management San Francisco, California $9.73B AUM 3.24% 1-Year Est. Return

CSC

Cove Street Capital El Segundo, California $76.6M AUM 36% 1-Year Est. Return

Boston Partners Boston, Massachusetts $95.5B AUM 28.4% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

SCM

Schneider Capital Management Berwyn, Pennsylvania $175M AUM 42.51% 1-Year Est. Return

RFC

Russell Frank Company Seattle, Washington $56.9B AUM 2.13% 1-Year Est. Return

UBS AM Chicago, Illinois $481B AUM 26.39% 1-Year Est. Return

LSVM

Lone Star Value Management Old Greenwich, Connecticut $52.7M AUM 30.18% 1-Year Est. Return

Norges Bank's AREX Position: Q2 2015 in Review

Norges Bank sold out of Approach Resources Inc. (AREX) in Q2 2015, closing a stake of 140,761 shares — an estimated $928K sold.

Norges Bank first reported a position in AREX in Q2 2013 and held it in 8 quarters. The position peaked at $17.2M in Q2 2014. 128 funds tracked by Wall St. Rank hold AREX as of Q2 2015.

Norges Bank reported no remaining Approach Resources Inc. position as of Q2 2015 after selling out during the quarter.
Norges Bank sold 140,761 Approach Resources Inc. shares in Q2 2015, an estimated $928K.
Norges Bank first reported a position in Approach Resources Inc. in Q2 2013 and held it in 8 quarters.
Norges Bank's Approach Resources Inc. position peaked at $17.2M in Q2 2014.
128 funds tracked by Wall St. Rank held Approach Resources Inc. as of Q2 2015.

Based on Norges Bank's 13F filing for Q2 2015, filed 10 Aug 2015.