NSB Advisors’s Rand Capital RAND Stock Holding History

NSB Advisors’s Portfolio RAND Stock Details RAND Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q2	–	Sell	-27,949	Closed	-$994K	–	15
2015 Q1	$994K	Sell	27,949 -454	-2%	-$16.5K	1.24%	13
2014 Q4	$1.05M	Sell	28,403 -3,493	-11%	-$108K	1.05%	9
2014 Q3	$887K	Sell	31,896 -60,132	-65%	-$1.68M	0.75%	12
2014 Q2	$2.58M	Sell	92,028 -9,577	-9%	-$288K	1.8%	7
2014 Q1	$3.19M	Sell	101,605 -1,080	-1%	-$31.3K	2.07%	7
2013 Q4	$2.83M	Sell	102,685 -3,335	-3%	-$89.1K	1.66%	7
2013 Q3	$2.81M	Sell	106,020 -4,132	-4%	-$110K	1.63%	8
2013 Q2	$2.88M	Buy	+110,152	New	+$2.94M	1.61%	10

Other funds holding RAND

CIBC Private Wealth Group Atlanta, Georgia $59.2B AUM 20.62% 1-Year Est. Return

Emancipation Management New York $22.4M AUM 18.33% 1-Year Est. Return

SRC

Shufro Rose & Co New York $1.47B AUM 19.38% 1-Year Est. Return

Courier Capital Buffalo, New York $2B AUM 24.36% 1-Year Est. Return

Brown Advisory Baltimore, Maryland $60.9B AUM 15.24% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

TRCT

Tower Research Capital (TRC) New York $3.85B AUM 32.11% 1-Year Est. Return

TJHA

Thomas J. Herzfeld Advisors Miami Beach, Florida $294M AUM 2.62% 1-Year Est. Return

NSB Advisors's RAND Position: Q2 2015 in Review

NSB Advisors sold out of Rand Capital (RAND) in Q2 2015, closing a stake of 27,949 shares — an estimated $994K sold.

NSB Advisors first reported a position in RAND in Q2 2013 and held it in 8 quarters. The position peaked at $3.19M in Q1 2014. 8 funds tracked by Wall St. Rank hold RAND as of Q2 2015.

NSB Advisors reported no remaining Rand Capital position as of Q2 2015 after selling out during the quarter.
NSB Advisors sold 27,949 Rand Capital shares in Q2 2015, an estimated $994K.
NSB Advisors first reported a position in Rand Capital in Q2 2013 and held it in 8 quarters.
NSB Advisors's Rand Capital position peaked at $3.19M in Q1 2014.
8 funds tracked by Wall St. Rank held Rand Capital as of Q2 2015.

Based on NSB Advisors's 13F filing for Q2 2015.