Princeton Alpha Management’s Forward Air FWRD Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q3	–	Sell	-11,407	Closed	-$546K	–	716
2014 Q2	$546K	Buy	11,407 +4,848	+74%	+$232K	0.11%	277
2014 Q1	$302K	Buy	+6,559	New	+$302K	0.09%	341