River Road Asset Management’s Rayonier Advanced Materials RYAM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-654,339	Closed	-$14.6M	–	175
2014 Q4	$14.6M	Buy	654,339 +73,918	+13%	+$1.65M	0.21%	107
2014 Q3	$19.1M	Buy	+580,421	New	+$19.1M	0.27%	99