RBF Capital’s NATL WESTN LIFE INS CO CL A NWLIA Stock Holding History

RBF Capital’s Portfolio NWLIA Stock Details NWLIA Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-1,500	Closed	-$334K	–	405
2015 Q3	$334K	Hold	1,500	–	–	0.07%	208
2015 Q2	$359K	Hold	1,500	–	–	0.07%	217
2015 Q1	$381K	Hold	1,500	–	–	0.08%	189
2014 Q4	$404K	Hold	1,500	–	–	0.08%	178
2014 Q3	$371K	Hold	1,500	–	–	0.09%	180
2014 Q2	$374K	Hold	1,500	–	–	0.09%	183
2014 Q1	$367K	Hold	1,500	–	–	0.09%	176
2013 Q4	$335K	Hold	1,500	–	–	0.08%	191
2013 Q3	$303K	Hold	1,500	–	–	0.08%	192
2013 Q2	$285K	Buy	+1,500	New	+$285K	0.08%	194

Other funds holding NWLIA

BCCM

Blue Clay Capital Management Minneapolis, Minnesota $88.7M AUM 6.88% 1-Year Est. Return

ARM

Adirondack Research & Management Guilderland, New York $82.2M AUM 63.78% 1-Year Est. Return

ACP

Aviance Capital Partners Naples, Florida $854M AUM 25.16% 1-Year Est. Return

Robotti Robert $641M AUM 66.01% 1-Year Est. Return

RBF Capital's NWLIA Position: Q4 2015 in Review

RBF Capital sold out of NATL WESTN LIFE INS CO CL A (NWLIA) in Q4 2015, closing a stake of 1,500 shares — an estimated $334K sold.

RBF Capital first reported a position in NWLIA in Q2 2013 and held it in 10 quarters. The position peaked at $404K in Q4 2014. 4 funds tracked by Wall St. Rank hold NWLIA as of Q4 2015.

RBF Capital reported no remaining NATL WESTN LIFE INS CO CL A position as of Q4 2015 after selling out during the quarter.
RBF Capital sold 1,500 NATL WESTN LIFE INS CO CL A shares in Q4 2015, an estimated $334K.
RBF Capital first reported a position in NATL WESTN LIFE INS CO CL A in Q2 2013 and held it in 10 quarters.
RBF Capital's NATL WESTN LIFE INS CO CL A position peaked at $404K in Q4 2014.
4 funds tracked by Wall St. Rank held NATL WESTN LIFE INS CO CL A as of Q4 2015.

Based on RBF Capital's 13F filing for Q4 2015, filed 16 Feb 2016.