Water Island Capital’s Alcoa AA Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q3	–	Sell	-832	Closed	-$19K	–	115
2016 Q2	$19K	Buy	+832	New	+$19K	﹤0.01%	115
2016 Q1	–	Sell	-6,242	Closed	-$148K	–	117
2015 Q4	$148K	Buy	+6,242	New	+$148K	0.01%	79