Pembroke Management’s Matador Resources MTDR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q3	–	Sell	-103,400	Closed	-$3.11M	–	60
2018 Q2	$3.11M	Sell	103,400 -210,000	-67%	-$6.33M	0.32%	58
2018 Q1	$9.37M	Sell	313,400 -20,700	-6%	-$628K	0.99%	42
2017 Q4	$10.4M	Sell	334,100 -22,000	-6%	-$604K	1.07%	37
2017 Q3	$9.67M	Sell	356,100 -63,500	-15%	-$1.51M	0.94%	51
2017 Q2	$8.97M	Sell	419,600 -183,700	-30%	-$4.17M	0.8%	55
2017 Q1	$14.4M	Sell	603,300 -13,800	-2%	-$345K	1.41%	35
2016 Q4	$15.9M	Buy	617,100 +68,200	+12%	+$1.65M	1.62%	31
2016 Q3	$13.4M	Sell	548,900 -121,300	-18%	-$2.67M	1.32%	36
2016 Q2	$13.3M	Sell	670,200 -23,100	-3%	-$497K	1.21%	41
2016 Q1	$13.1M	Sell	693,300 -23,300	-3%	-$387K	1.16%	39
2015 Q4	$14.2M	Sell	716,600 -588,100	-45%	-$14.3M	1.14%	37
2015 Q3	$27.1M	Sell	1,304,700 -17,043	-1%	-$372K	2.01%	21
2015 Q2	$33M	Sell	1,321,743 -503,900	-28%	-$13.5M	2.1%	21
2015 Q1	$40M	Buy	1,825,643 +35,948	+2%	+$775K	2.52%	18
2014 Q4	$36.2M	Buy	1,789,695 +561,952	+46%	+$11.7M	2.23%	23
2014 Q3	$31.7M	Buy	+1,227,743	New	+$32.3M	2.36%	19