Pine River Capital Management’s Q2 Holdings QTWO Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-145,812	Closed	-$2.04M	–	794
2014 Q3	$2.04M	Sell	145,812 -16,020	-10%	-$224K	0.02%	313
2014 Q2	$2.31M	Buy	161,832 +76,832	+90%	+$1.1M	0.04%	268
2014 Q1	$1.32M	Buy	+85,000	New	+$1.32M	0.02%	281