Pine River Capital Management’s Hovnanian Enterprises HOV Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-7,302	Closed	-$1.21M	–	514
2013 Q4	$1.21M	Buy	7,302 +5,120	+235%	+$847K	0.01%	276
2013 Q3	$285K	Sell	2,182 -107	-5%	-$14K	﹤0.01%	297
2013 Q2	$321K	Buy	+2,289	New	+$321K	﹤0.01%	280