Telemark Asset Management’s ARM HOLDINGS PLC ADS ARMH Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2016 Q3	–	Sell	-200,000	Closed	-$9.1M	–	41
2016 Q2	$9.1M	Hold	200,000	–	–	2.09%	20
2016 Q1	$8.74M	Sell	200,000 -250,000	-56%	-$10.9M	2.16%	19
2015 Q4	$20.4M	Buy	450,000 +50,000	+13%	+$2.26M	4.77%	8
2015 Q3	$17.3M	Sell	400,000 -20,000	-5%	-$865K	5.29%	9
2015 Q2	$20.7M	Hold	420,000	–	–	5.46%	4
2015 Q1	$20.7M	Sell	420,000 -30,000	-7%	-$1.48M	5.78%	4
2014 Q4	$20.8M	Buy	450,000 +100,000	+29%	+$4.63M	6.14%	2
2014 Q3	$15.3M	Hold	350,000	–	–	4.09%	6
2014 Q2	$15.8M	Sell	350,000 -100,000	-22%	-$4.52M	4.33%	4
2014 Q1	$22.9M	Buy	450,000 +50,000	+13%	+$2.55M	5.78%	2
2013 Q4	$21.9M	Sell	400,000 -100,000	-20%	-$5.47M	5.42%	2
2013 Q3	$24.1M	Sell	500,000 -50,000	-9%	-$2.41M	7.16%	2
2013 Q2	$19.9M	Buy	+550,000	New	+$19.9M	7.58%	2