Zebra Capital Management’s Safety Insurance SAFT Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q3	–	Sell	-5,916	Closed	-$505K	–	451
2018 Q2	$505K	Buy	5,916 +1,037	+21%	+$86K	0.22%	233
2018 Q1	$375K	Buy	4,879 +1,969	+68%	+$151K	0.13%	266
2017 Q4	$234K	Buy	2,910 +46	+2%	+$3.72K	0.08%	294
2017 Q3	$219K	Buy	+2,864	New	+$204K	0.07%	252
2015 Q3	–	Sell	-7,985	Closed	-$461K	–	247
2015 Q2	$461K	Sell	7,985 -3,240	-29%	-$188K	0.27%	178
2015 Q1	$671K	Sell	11,225 -9,805	-47%	-$601K	0.34%	145
2014 Q4	$1.35M	Buy	21,030 +254	+1%	+$15.2K	0.52%	73
2014 Q3	$1.12M	Buy	20,776 +616	+3%	+$32.6K	0.45%	108
2014 Q2	$1.04M	Buy	20,160 +2,420	+14%	+$127K	0.4%	134
2014 Q1	$955K	Buy	17,740 +6,492	+58%	+$357K	0.4%	86
2013 Q4	$633K	Buy	11,248 +2,134	+23%	+$117K	0.33%	100
2013 Q3	$483K	Buy	9,114 +3,169	+53%	+$166K	0.38%	106
2013 Q2	$288K	Buy	+5,945	New	+$299K	0.24%	162