Pzena Investment Management’s ARC Document Solutions, Inc. ARC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q4	–	Sell	-1,848,713	Closed	-$2.51M	–	185
2019 Q3	$2.51M	Sell	1,848,713 -21,350	-1%	-$34.4K	0.01%	133
2019 Q2	$3.81M	Sell	1,870,063 -354	-0%	-$775	0.02%	125
2019 Q1	$4.17M	Sell	1,870,417 -116,931	-6%	-$285K	0.02%	128
2018 Q4	$4.07M	Sell	1,987,348 -38,977	-2%	-$95.1K	0.02%	127
2018 Q3	$5.75M	Sell	2,026,325 -2,801	-0.1%	-$7.67K	0.03%	124
2018 Q2	$3.59M	Sell	2,029,126 -2,362	-0.1%	-$4.92K	0.02%	132
2018 Q1	$4.47M	Hold	2,031,488	–	–	0.02%	130
2017 Q4	$5.18M	Sell	2,031,488 -1,342,268	-40%	-$4.42M	0.03%	129
2017 Q3	$13.8M	Sell	3,373,756 -452,682	-12%	-$1.72M	0.07%	124
2017 Q2	$15.9M	Sell	3,826,438 -26,678	-0.7%	-$99K	0.09%	122
2017 Q1	$13.3M	Sell	3,853,116 -82,311	-2%	-$370K	0.08%	126
2016 Q4	$20M	Sell	3,935,427 -48,509	-1%	-$203K	0.11%	110
2016 Q3	$14.9M	Buy	3,983,936 +67,826	+2%	+$246K	0.09%	126
2016 Q2	$15.2M	Buy	3,916,110 +10,784	+0.3%	+$44K	0.1%	125
2016 Q1	$17.6M	Buy	3,905,326 +84,173	+2%	+$316K	0.11%	121
2015 Q4	$16.9M	Buy	3,821,153 +3,101,743	+431%	+$16.6M	0.1%	113
2015 Q3	$4.28M	Sell	719,410 -43,049	-6%	-$291K	0.03%	141
2015 Q2	$5.8M	Sell	762,459 -47,199	-6%	-$384K	0.03%	141
2015 Q1	$7.47M	Sell	809,658 -65,191	-7%	-$592K	0.04%	137
2014 Q4	$8.94M	Sell	874,849 -2,186,499	-71%	-$21M	0.05%	130
2014 Q3	$24.8M	Sell	3,061,348 -18,300	-0.6%	-$123K	0.14%	106
2014 Q2	$18M	Buy	3,079,648 +683,963	+29%	+$4.32M	0.1%	116
2014 Q1	$17.8M	Sell	2,395,685 -158,777	-6%	-$1.19M	0.1%	109
2013 Q4	$21M	Buy	2,554,462 +95,074	+4%	+$680K	0.12%	106
2013 Q3	$11.3M	Sell	2,459,388 -143,477	-6%	-$675K	0.07%	115
2013 Q2	$10.4M	Buy	+2,602,865	New	+$8.97M	0.07%	110