Tikvah Management’s QAD Inc. QADA Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2021 Q4	–	Sell	-183,150	Closed	-$16M	–	25
2021 Q3	$16M	Sell	183,150 -403,860	-69%	-$35.2M	4.33%	8
2021 Q2	$51.1M	Sell	587,010 -393,000	-40%	-$28.7M	14.1%	3
2021 Q1	$65.2M	Hold	980,010	–	–	18.3%	2
2020 Q4	$61.9M	Hold	980,010	–	–	17.26%	3
2020 Q3	$41.4M	Sell	980,010 -140	-0%	-$5.88K	12.77%	3
2020 Q2	$40.5M	Hold	980,150	–	–	12.37%	3
2020 Q1	$39.1M	Sell	980,150 -46,577	-5%	-$2.21M	15.49%	3
2019 Q4	$52.3M	Hold	1,026,727	–	–	13.53%	2
2019 Q3	$47.4M	Hold	1,026,727	–	–	13.22%	2
2019 Q2	$41.3M	Hold	1,026,727	–	–	11.71%	3
2019 Q1	$44.2M	Buy	1,026,727 +46,577	+5%	+$2M	14.68%	3
2018 Q4	$38.5M	Hold	980,150	–	–	13.68%	2
2018 Q3	$55.5M	Hold	980,150	–	–	16.59%	1
2018 Q2	$49.2M	Hold	980,150	–	–	15.43%	1
2018 Q1	$40.8M	Hold	980,150	–	–	12.54%	2
2017 Q4	$38.1M	Hold	980,150	–	–	15.32%	1
2017 Q3	$33.7M	Hold	980,150	–	–	14.27%	1
2017 Q2	$31.4M	Hold	980,150	–	–	14.78%	1
2017 Q1	$27.3M	Hold	980,150	–	–	14.32%	2
2016 Q4	$29.8M	Sell	980,150 -85,922	-8%	-$2.26M	14.64%	1
2016 Q3	$23.9M	Hold	1,066,072	–	–	12.45%	1
2016 Q2	$20.5M	Hold	1,066,072	–	–	12.03%	2
2016 Q1	$22.7M	Buy	1,066,072 +91,986	+9%	+$1.78M	12.59%	1
2015 Q4	$20M	Hold	974,086	–	–	10.48%	2
2015 Q3	$24.9M	Hold	974,086	–	–	13.89%	1
2015 Q2	$25.7M	Hold	974,086	–	–	13.66%	2
2015 Q1	$23.6M	Buy	974,086 +500,000	+105%	+$10.7M	13.01%	2
2014 Q4	$10.7M	Hold	474,086	–	–	7%	8
2014 Q3	$8.83M	Buy	474,086 +48,710	+11%	+$977K	6.22%	8
2014 Q2	$9.07M	Buy	425,376 +184,106	+76%	+$3.76M	6.38%	8
2014 Q1	$4.93M	Buy	+241,270	New	+$4.48M	3.65%	11