Saturna Capital’s Petrobras PBR Stock Holding History

Saturna Capital’s Portfolio PBR Stock Details PBR Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-26,400	Closed	-$375K	–	360
2014 Q3	$375K	Hold	26,400	–	–	0.01%	209
2014 Q2	$386K	Sell	26,400 -300	-1%	-$4.37K	0.01%	200
2014 Q1	$351K	Hold	26,700	–	–	0.01%	188
2013 Q4	$368K	Sell	26,700 -70,000	-72%	-$1.09M	0.01%	197
2013 Q3	$1.5M	Buy	96,700 +7,000	+8%	+$99.7K	0.04%	142
2013 Q2	$1.2M	Buy	+89,700	New	+$1.53M	0.03%	152

Other funds holding PBR

Wellington Management Group Boston, Massachusetts $580B AUM 38.23% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Macquarie Group Sydney, NSW 2000, Australia $23.2B AUM 40.19% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Credit Suisse Zurich, Switzerland $104B AUM 34.76% 1-Year Est. Return

JHIU

Janus Henderson Investors US Denver, Colorado $122B AUM 18.26% 1-Year Est. Return

SIM

Sprucegrove Investment Management Toronto, Ontario, Canada $639M AUM 23.31% 1-Year Est. Return

WGI

Westwood Global Investments Boston, Massachusetts $2.85B AUM 55.09% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Saturna Capital's PBR Position: Q4 2014 in Review

Saturna Capital sold out of Petrobras (PBR) in Q4 2014, closing a stake of 26,400 shares — an estimated $375K sold.

Saturna Capital first reported a position in PBR in Q2 2013 and held it in 6 quarters. The position peaked at $1.5M in Q3 2013. 310 funds tracked by Wall St. Rank hold PBR as of Q4 2014.

Saturna Capital reported no remaining Petrobras position as of Q4 2014 after selling out during the quarter.
Saturna Capital sold 26,400 Petrobras shares in Q4 2014, an estimated $375K.
Saturna Capital first reported a position in Petrobras in Q2 2013 and held it in 6 quarters.
Saturna Capital's Petrobras position peaked at $1.5M in Q3 2013.
310 funds tracked by Wall St. Rank held Petrobras as of Q4 2014.

Based on Saturna Capital's 13F filing for Q4 2014, filed 11 Feb 2015.