Pine River Capital Management’s Bank of N.T. Butterfield & Son NTB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2017 Q1	–	Sell	-16,400	Closed	-$516K	–	270
2016 Q4	$516K	Sell	16,400 -43,600	-73%	-$1.37M	0.02%	263
2016 Q3	$1.49M	Buy	+60,000	New	+$1.49M	0.03%	158