Systematic Financial Management’s Universal Stainless & Alloy USAP Stock Holding History

Systematic Financial Management’s Portfolio USAP Stock Details USAP Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-155,651	Closed	-$3.06M	–	709
2015 Q2	$3.06M	Sell	155,651 -70	-0%	-$1.47K	0.03%	356
2015 Q1	$4.08M	Sell	155,721 -50,610	-25%	-$1.19M	0.03%	355
2014 Q4	$5.19M	Sell	206,331 -925	-0.4%	-$23.7K	0.04%	345
2014 Q3	$5.46M	Buy	207,256 +8,716	+4%	+$266K	0.04%	329
2014 Q2	$6.45M	Buy	198,540 +93,484	+89%	+$3.02M	0.04%	326
2014 Q1	$3.55M	Sell	105,056 -3,175	-3%	-$109K	0.02%	379
2013 Q4	$3.9M	Sell	108,231 -1,150	-1%	-$38.6K	0.03%	349
2013 Q3	$3.52M	Sell	109,381 -825	-0.7%	-$23.7K	0.03%	350
2013 Q2	$3.25M	Buy	+110,206	New	+$3.53M	0.03%	343

Other funds holding USAP

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

PCM

Pennant Capital Management Summit, New Jersey $212M AUM 19.37% 1-Year Est. Return

RCM

Rutabaga Capital Management Boston, Massachusetts $115M AUM 11.85% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

TAM

Tocqueville Asset Management New York $6.74B AUM 32.29% 1-Year Est. Return

Aegis Financial Mc Lean, Virginia $580M AUM 105.74% 1-Year Est. Return

Ameriprise Minneapolis, Minnesota $432B AUM 30.22% 1-Year Est. Return

Franklin Resources San Mateo, California $408B AUM 30.18% 1-Year Est. Return

Royce & Associates New York $10.1B AUM 42.88% 1-Year Est. Return

MFP

Michael F. Price $846M AUM 0.07% 1-Year Est. Return

Systematic Financial Management's USAP Position: Q3 2015 in Review

Systematic Financial Management sold out of Universal Stainless & Alloy (USAP) in Q3 2015, closing a stake of 155,651 shares — an estimated $3.06M sold.

Systematic Financial Management first reported a position in USAP in Q2 2013 and held it in 9 quarters. The position peaked at $6.45M in Q2 2014. 50 funds tracked by Wall St. Rank hold USAP as of Q3 2015.

Systematic Financial Management reported no remaining Universal Stainless & Alloy position as of Q3 2015 after selling out during the quarter.
Systematic Financial Management sold 155,651 Universal Stainless & Alloy shares in Q3 2015, an estimated $3.06M.
Systematic Financial Management first reported a position in Universal Stainless & Alloy in Q2 2013 and held it in 9 quarters.
Systematic Financial Management's Universal Stainless & Alloy position peaked at $6.45M in Q2 2014.
50 funds tracked by Wall St. Rank held Universal Stainless & Alloy as of Q3 2015.

Based on Systematic Financial Management's 13F filing for Q3 2015, filed 6 Nov 2015.