Pembroke Management’s EXL Service EXLS Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2019 Q1	–	Sell	-109,958	Closed	-$5.79M	–	62
2018 Q4	$5.79M	Sell	109,958 -5,700	-5%	-$300K	0.79%	49
2018 Q3	$7.66M	Sell	115,658 -3,042	-3%	-$201K	0.79%	44
2018 Q2	$6.72M	Buy	118,700 +73,200	+161%	+$4.14M	0.69%	54
2018 Q1	$2.54M	Buy	+45,500	New	+$2.54M	0.27%	61
2017 Q2	–	Sell	-141,300	Closed	-$6.69M	–	63
2017 Q1	$6.69M	Sell	141,300 -4,500	-3%	-$213K	0.66%	53
2016 Q4	$7.35M	Sell	145,800 -4,100	-3%	-$207K	0.75%	49
2016 Q3	$7.47M	Sell	149,900 -114,400	-43%	-$5.7M	0.74%	46
2016 Q2	$13.9M	Buy	264,300 +59,900	+29%	+$3.14M	1.26%	40
2016 Q1	$10.6M	Buy	+204,400	New	+$10.6M	0.93%	47