Pine River Capital Management’s Cleveland-Cliffs CLF Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-115,720	Closed	-$1.2M	–	634
2014 Q3	$1.2M	Buy	115,720 +16,280	+16%	+$169K	0.01%	439
2014 Q2	$1.5M	Buy	+99,440	New	+$1.5M	0.02%	354