State of Tennessee, Department of Treasury’s Approach Resources Inc. AREX Stock Holding History

State of Tennessee, Department of Treasury’s Portfolio AREX Stock Details AREX Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-28,300	Closed	-$194K	–	1325
2015 Q2	$194K	Hold	28,300	–	–	﹤0.01%	1390
2015 Q1	$187K	Hold	28,300	–	–	﹤0.01%	1424
2014 Q4	$181K	Sell	28,300 -2,300	-8%	-$22K	﹤0.01%	1394
2014 Q3	$444K	Hold	30,600	–	–	﹤0.01%	1170
2014 Q2	$696K	Sell	30,600 -1,100	-3%	-$22.3K	﹤0.01%	1087
2014 Q1	$663K	Sell	31,700 -4,900	-13%	-$100K	﹤0.01%	1151
2013 Q4	$706K	Buy	36,600 +900	+3%	+$22.1K	﹤0.01%	1226
2013 Q3	$938K	Buy	+35,700	New	+$904K	0.01%	1104

Other funds holding AREX

First Manhattan New York $36.1B AUM 11.5% 1-Year Est. Return

Boston Partners Boston, Massachusetts $113B AUM 38.87% 1-Year Est. Return

CSC

Cove Street Capital El Segundo, California $76.6M AUM 36% 1-Year Est. Return

SCM

Schneider Capital Management Berwyn, Pennsylvania $175M AUM 42.51% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.14% 1-Year Est. Return

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

RFC

Russell Frank Company Seattle, Washington $56.9B AUM 2.13% 1-Year Est. Return

California Public Employees Retirement System Sacramento, California $162B AUM 25.78% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.26% 1-Year Est. Return

Lubar & Co Milwaukee, Wisconsin $126M AUM

State of Tennessee, Department of Treasury's AREX Position: Q3 2015 in Review

State of Tennessee, Department of Treasury sold out of Approach Resources Inc. (AREX) in Q3 2015, closing a stake of 28,300 shares — an estimated $194K sold.

State of Tennessee, Department of Treasury first reported a position in AREX in Q3 2013 and held it in 8 quarters. The position peaked at $938K in Q3 2013. 114 funds tracked by Wall St. Rank hold AREX as of Q3 2015.

State of Tennessee, Department of Treasury reported no remaining Approach Resources Inc. position as of Q3 2015 after selling out during the quarter.
State of Tennessee, Department of Treasury sold 28,300 Approach Resources Inc. shares in Q3 2015, an estimated $194K.
State of Tennessee, Department of Treasury first reported a position in Approach Resources Inc. in Q3 2013 and held it in 8 quarters.
State of Tennessee, Department of Treasury's Approach Resources Inc. position peaked at $938K in Q3 2013.
114 funds tracked by Wall St. Rank held Approach Resources Inc. as of Q3 2015.

Based on State of Tennessee, Department of Treasury's 13F filing for Q3 2015, filed 13 Nov 2015.