Pinnacle Associates’s Gerdau GGB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q3	–	Sell	-37,548	Closed	-$176K	–	627
2014 Q2	$176K	Sell	37,548 -12,789	-25%	-$59.9K	﹤0.01%	584
2014 Q1	$256K	Buy	50,337 +32,382	+180%	+$165K	0.01%	532
2013 Q4	$112K	Buy	+17,955	New	+$112K	﹤0.01%	579