Pine River Capital Management’s Validus Hold Ltd VR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q1	–	Sell	-9,602	Closed	-$528K	–	403
2016 Q4	$528K	Sell	9,602 -5,100	-35%	-$270K	0.03%	207
2016 Q3	$732K	Sell	14,702 -9,247	-39%	-$459K	0.02%	332
2016 Q2	$1.16K	Hold	23,949	–	–	﹤0.01%	250
2016 Q1	$1.13M	Sell	23,949 -9,932	-29%	-$446K	0.02%	393
2015 Q4	$1.57M	Hold	33,881	–	–	0.03%	322
2015 Q3	$1.53M	Sell	33,881 -4,060	-11%	-$183K	0.03%	316
2015 Q2	$1.67M	Sell	37,941 -13,450	-26%	-$578K	0.02%	338
2015 Q1	$2.16M	Buy	51,391 +6,007	+13%	+$247K	0.03%	286
2014 Q4	$1.89M	Sell	45,384 -60,578	-57%	-$2.45M	0.03%	440
2014 Q3	$4.15M	Buy	105,962 +49,267	+87%	+$1.89M	0.08%	309
2014 Q2	$2.17M	Buy	+56,695	New	+$2.11M	0.05%	354
2013 Q4	–	Sell	-802,854	Closed	-$29.7M	–	790
2013 Q3	$29.7M	Buy	+802,854	New	+$28.4M	0.73%	70