Princeton Alpha Management’s Gerdau GGB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q2	–	Sell	-28,431	Closed	-$72K	–	781
2015 Q1	$72K	Buy	+28,431	New	+$72K	0.02%	666
2014 Q2	–	Sell	-12,918	Closed	-$66K	–	744
2014 Q1	$66K	Sell	12,918 -38,944	-75%	-$199K	0.02%	600
2013 Q4	$323K	Buy	+51,862	New	+$323K	0.24%	166