North Point Portfolio Managers’s American Railcar Industries, Inc. ARII Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q1	–	Sell	-4,900	Closed	-$204K	–	90
2017 Q4	$204K	Buy	+4,900	New	+$193K	0.03%	82
2017 Q2	–	Sell	-4,900	Closed	-$201K	–	89
2017 Q1	$201K	Hold	4,900	–	–	0.04%	83
2016 Q4	$222K	Hold	4,900	–	–	0.04%	78
2016 Q3	$203K	Buy	+4,900	New	+$200K	0.04%	80
2016 Q1	–	Sell	-4,900	Closed	-$227K	–	83
2015 Q4	$227K	Buy	+4,900	New	+$244K	0.04%	65
2015 Q3	–	Sell	-4,900	Closed	-$238K	–	82
2015 Q2	$238K	Hold	4,900	–	–	0.04%	62
2015 Q1	$244K	Hold	4,900	–	–	0.05%	66
2014 Q4	$252K	Hold	4,900	–	–	0.05%	64
2014 Q3	$362K	Hold	4,900	–	–	0.07%	44
2014 Q2	$332K	Hold	4,900	–	–	0.07%	48
2014 Q1	$343K	Hold	4,900	–	–	0.07%	42
2013 Q4	$224K	Buy	+4,900	New	+$210K	0.05%	67