Wynnefield Capital’s ARI Network Services, Inc. ARIS Stock Holding History

Wynnefield Capital’s Portfolio ARIS Stock Details ARIS Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-691,758	Closed	-$2.17M	–	33
2015 Q2	$2.17M	Sell	691,758 -558,078	-45%	-$1.79M	0.83%	20
2015 Q1	$4.24M	Sell	1,249,836 -4,799	-0.4%	-$17.1K	1.87%	16
2014 Q4	$4.74M	Sell	1,254,635 -473,354	-27%	-$1.66M	2%	15
2014 Q3	$5.34M	Hold	1,727,989	–	–	2.47%	14
2014 Q2	$5.24M	Hold	1,727,989	–	–	2.41%	15
2014 Q1	$5.46M	Hold	1,727,989	–	–	2.67%	16
2013 Q4	$5.63M	Buy	+1,727,989	New	+$5.65M	2.52%	16

Other funds holding ARIS

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

CPA

Cowen Prime Advisors New York $290M AUM 57.8% 1-Year Est. Return

FWSM

First Wilshire Securities Management Pasadena, California $444M AUM 42.88% 1-Year Est. Return

AIC

AWM Investment Company New York $903M AUM 163.47% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

HCM

Hodges Capital Management Dallas, Texas $1.21B AUM 49% 1-Year Est. Return

PCM

Perritt Capital Management Chicago, Illinois $59.8M AUM 26.94% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return

SIM

Spark Investment Management New York $41.6M AUM 80.97% 1-Year Est. Return

Wynnefield Capital's ARIS Position: Q3 2015 in Review

Wynnefield Capital sold out of ARI Network Services, Inc. (ARIS) in Q3 2015, closing a stake of 691,758 shares — an estimated $2.17M sold.

Wynnefield Capital first reported a position in ARIS in Q4 2013 and held it in 7 quarters. The position peaked at $5.63M in Q4 2013. 18 funds tracked by Wall St. Rank hold ARIS as of Q3 2015.

Wynnefield Capital reported no remaining ARI Network Services, Inc. position as of Q3 2015 after selling out during the quarter.
Wynnefield Capital sold 691,758 ARI Network Services, Inc. shares in Q3 2015, an estimated $2.17M.
Wynnefield Capital first reported a position in ARI Network Services, Inc. in Q4 2013 and held it in 7 quarters.
Wynnefield Capital's ARI Network Services, Inc. position peaked at $5.63M in Q4 2013.
18 funds tracked by Wall St. Rank held ARI Network Services, Inc. as of Q3 2015.

Based on Wynnefield Capital's 13F filing for Q3 2015, filed 16 Nov 2015.