TAM

Telemark Asset Management’s Royal Gold RGLD Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-180,000	Closed	-$11.3M	–	53
2014 Q1	$11.3M	Hold	180,000	–	–	2.84%	10
2013 Q4	$8.29M	Buy	180,000 +80,000	+80%	+$3.69M	2.05%	18
2013 Q3	$4.87M	Buy	+100,000	New	+$4.87M	1.45%	28