Spark Investment Management’s QAD Inc. QADA Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2020 Q2	–	Sell	-12,800	Closed	-$511K	–	370
2020 Q1	$511K	Sell	12,800 -300	-2%	-$12K	0.27%	129
2019 Q4	$667K	Buy	+13,100	New	+$667K	0.08%	306
2019 Q2	–	Sell	-14,000	Closed	-$602K	–	822
2019 Q1	$602K	Hold	14,000	–	–	0.03%	394
2018 Q4	$550K	Sell	14,000 -21,000	-60%	-$825K	0.04%	381
2018 Q3	$1.98M	Buy	35,000 +5,800	+20%	+$328K	0.11%	255
2018 Q2	$1.46M	Buy	+29,200	New	+$1.46M	0.09%	305
2017 Q4	–	Sell	-33,300	Closed	-$1.14M	–	898
2017 Q3	$1.14M	Hold	33,300	–	–	0.06%	361
2017 Q2	$1.07M	Buy	33,300 +6,900	+26%	+$221K	0.07%	373
2017 Q1	$735K	Hold	26,400	–	–	0.05%	468
2016 Q4	$802K	Sell	26,400 -21,000	-44%	-$638K	0.07%	384
2016 Q3	$1.06M	Hold	47,400	–	–	0.09%	338
2016 Q2	$913K	Sell	47,400 -6,500	-12%	-$125K	0.09%	322
2016 Q1	$1.15M	Sell	53,900 -7,900	-13%	-$168K	0.12%	278
2015 Q4	$1.27M	Buy	61,800 +9,600	+18%	+$197K	0.16%	191
2015 Q3	$1.34M	Buy	52,200 +5,000	+11%	+$128K	0.17%	191
2015 Q2	$1.25M	Buy	47,200 +14,000	+42%	+$370K	0.17%	195
2015 Q1	$803K	Buy	33,200 +4,200	+14%	+$102K	0.11%	266
2014 Q4	$655K	Sell	29,000 -2,200	-7%	-$49.7K	0.11%	264
2014 Q3	$577K	Sell	31,200 -4,800	-13%	-$88.8K	0.09%	309
2014 Q2	$767K	Buy	36,000 +16,700	+87%	+$356K	0.11%	264
2014 Q1	$392K	Hold	19,300	–	–	0.06%	402
2013 Q4	$340K	Buy	19,300 +3,600	+23%	+$63.4K	0.06%	407
2013 Q3	$214K	Sell	15,700 -1,000	-6%	-$13.6K	0.05%	438
2013 Q2	$190K	Buy	+16,700	New	+$190K	0.05%	345