Pembroke Management’s Ultra Petroleum Corp. Common Stock UPL Stock Holding History

Pembroke Management’s Portfolio UPL Stock Details UPL Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-56,000	Closed	-$1.3M	–	51
2014 Q3	$1.3M	Hold	56,000	–	–	0.1%	40
2014 Q2	$1.66M	Hold	56,000	–	–	0.13%	42
2014 Q1	$1.51M	Hold	56,000	–	–	0.12%	41
2013 Q4	$1.21M	Hold	56,000	–	–	0.11%	43
2013 Q3	$1.15M	Hold	56,000	–	–	0.12%	43
2013 Q2	$1.11M	Buy	+56,000	New	+$1.2M	0.21%	40

Other funds holding UPL

DSA

Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return

Baillie Gifford & Co Edinburgh, United Kingdom $97.9B AUM 20.73% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

CI Investments Inc Toronto, Ontario, Canada $20.6B AUM 29.22% 1-Year Est. Return

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

Harris Associates Chicago, Illinois $75B AUM 11.27% 1-Year Est. Return

OAC

OMERS Administration Corp Toronto, Ontario, Canada $15.6B AUM 24.73% 1-Year Est. Return

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

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

Heartland Advisors Milwaukee, Wisconsin $1.96B AUM 28.26% 1-Year Est. Return

Pembroke Management's UPL Position: Q4 2014 in Review

Pembroke Management sold out of Ultra Petroleum Corp. Common Stock (UPL) in Q4 2014, closing a stake of 56,000 shares — an estimated $1.3M sold.

Pembroke Management first reported a position in UPL in Q2 2013 and held it in 6 quarters. The position peaked at $1.66M in Q2 2014. 248 funds tracked by Wall St. Rank hold UPL as of Q4 2014.

Pembroke Management reported no remaining Ultra Petroleum Corp. Common Stock position as of Q4 2014 after selling out during the quarter.
Pembroke Management sold 56,000 Ultra Petroleum Corp. Common Stock shares in Q4 2014, an estimated $1.3M.
Pembroke Management first reported a position in Ultra Petroleum Corp. Common Stock in Q2 2013 and held it in 6 quarters.
Pembroke Management's Ultra Petroleum Corp. Common Stock position peaked at $1.66M in Q2 2014.
248 funds tracked by Wall St. Rank held Ultra Petroleum Corp. Common Stock as of Q4 2014.

Based on Pembroke Management's 13F filing for Q4 2014, filed 20 Jan 2015.