Spark Investment Management’s Arrowhead Research ARWR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-20,100	Closed	-$217K	–	672
2013 Q4	$217K	Sell	20,100 -33,400	-62%	-$361K	0.04%	489
2013 Q3	$303K	Buy	+53,500	New	+$303K	0.07%	369