Trellus Management Company’s Vale VALE Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q2	–	Sell	-35,460	Closed	-$200K	–	113
2015 Q1	$200K	Buy	+35,460	New	+$200K	0.24%	75
2014 Q1	–	Sell	-27,932	Closed	-$426K	–	130
2013 Q4	$426K	Hold	27,932	–	–	0.51%	54
2013 Q3	$436K	Buy	+27,932	New	+$436K	0.55%	61