Pine River Capital Management’s Vale VALE Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q2	–	Sell	-15,900	Closed	-$90K	–	760
2015 Q1	$90K	Buy	+15,900	New	+$90K	﹤0.01%	564
2014 Q3	–	Sell	-34,100	Closed	-$451K	–	905
2014 Q2	$451K	Buy	+34,100	New	+$451K	0.01%	461