Pine River Capital Management’s Ecolab ECL Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-4,300	Closed	-$449K	–	619
2014 Q4	$449K	Sell	4,300 -6,559	-60%	-$685K	0.01%	478
2014 Q3	$1.25M	Buy	+10,859	New	+$1.25M	0.01%	415