Saturna Capital’s Vale VALE Stock Holding History

Saturna Capital’s Portfolio VALE Stock Details VALE Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-12,500	Closed	-$102K	–	353
2014 Q4	$102K	Sell	12,500 -34,000	-73%	-$318K	﹤0.01%	242
2014 Q3	$512K	Sell	46,500 -26,000	-36%	-$347K	0.01%	185
2014 Q2	$959K	Hold	72,500	–	–	0.02%	140
2014 Q1	$1M	Hold	72,500	–	–	0.03%	136
2013 Q4	$1.11M	Sell	72,500 -50,000	-41%	-$778K	0.03%	143
2013 Q3	$1.91M	Hold	122,500	–	–	0.05%	138
2013 Q2	$1.61M	Buy	+122,500	New	+$1.92M	0.04%	143

Other funds holding VALE

AAM

Aberdeen Asset Management Aberdeen, United Kingdom $30B AUM 22.46% 1-Year Est. Return

SII

Silchester International Investors London, United Kingdom $62M AUM 14.06% 1-Year Est. Return

GTP

Global Thematic Partners New York $120M AUM 25.18% 1-Year Est. Return

Capital Research Global Investors Los Angeles, California $717B AUM 35.42% 1-Year Est. Return

Lazard Asset Management New York $66.1B AUM 33.53% 1-Year Est. Return

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

AIM

abrdn Investment Management Edinburgh, United Kingdom $29.6B AUM 25.48% 1-Year Est. Return

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

CGT

Capital Guardian Trust Los Angeles, California $7.42B AUM 13.6% 1-Year Est. Return

Capital International Investors Los Angeles, California $484B AUM 34.9% 1-Year Est. Return

Saturna Capital's VALE Position: Q1 2015 in Review

Saturna Capital sold out of Vale (VALE) in Q1 2015, closing a stake of 12,500 shares — an estimated $102K sold.

Saturna Capital first reported a position in VALE in Q2 2013 and held it in 7 quarters. The position peaked at $1.91M in Q3 2013. 294 funds tracked by Wall St. Rank hold VALE as of Q1 2015.

Saturna Capital reported no remaining Vale position as of Q1 2015 after selling out during the quarter.
Saturna Capital sold 12,500 Vale shares in Q1 2015, an estimated $102K.
Saturna Capital first reported a position in Vale in Q2 2013 and held it in 7 quarters.
Saturna Capital's Vale position peaked at $1.91M in Q3 2013.
294 funds tracked by Wall St. Rank held Vale as of Q1 2015.

Based on Saturna Capital's 13F filing for Q1 2015, filed 1 May 2015.