Zebra Capital Management’s United Fire Group UFCS Stock Holding History

Zebra Capital Management’s Portfolio UFCS Stock Details UFCS Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q3	–	Sell	-16,514	Closed	-$728K	–	288
2017 Q2	$728K	Sell	16,514 -16,758	-50%	-$727K	0.23%	191
2017 Q1	$1.42M	Buy	33,272 +892	+3%	+$40.1K	0.44%	92
2016 Q4	$1.59M	Buy	32,380 +681	+2%	+$30.2K	0.48%	78
2016 Q3	$1.34M	Buy	31,699 +4,801	+18%	+$204K	0.42%	95
2016 Q2	$1.14M	Buy	+26,898	New	+$1.14M	0.4%	112
2016 Q1	–	Sell	-23,606	Closed	-$904K	–	268
2015 Q4	$904K	Buy	23,606 +1,518	+7%	+$57.6K	0.5%	65
2015 Q3	$774K	Buy	22,088 +740	+3%	+$25.6K	0.48%	74
2015 Q2	$699K	Sell	21,348 -3,099	-13%	-$97K	0.41%	109
2015 Q1	$777K	Sell	24,447 -2,834	-10%	-$83.2K	0.4%	127
2014 Q4	$811K	Buy	27,281 +133	+0.5%	+$3.91K	0.31%	156
2014 Q3	$754K	Buy	27,148 +1,148	+4%	+$33.2K	0.3%	166
2014 Q2	$762K	Buy	+26,000	New	+$743K	0.29%	173

Other funds holding UFCS

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

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

EARNEST Partners Atlanta, Georgia $27.7B AUM 52.44% 1-Year Est. Return

Northern Trust Chicago, Illinois $860B AUM 41.15% 1-Year Est. Return

Norges Bank Oslo, Norway $1T AUM

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

SFM

Systematic Financial Management Teaneck, New Jersey $5.02B AUM 66.06% 1-Year Est. Return

New York State Common Retirement Fund Albany, New York $79.3B AUM 43.63% 1-Year Est. Return

Bank of New York Mellon New York $609B AUM 40.19% 1-Year Est. Return

Zebra Capital Management's UFCS Position: Q3 2017 in Review

Zebra Capital Management sold out of United Fire Group (UFCS) in Q3 2017, closing a stake of 16,514 shares — an estimated $728K sold.

Zebra Capital Management first reported a position in UFCS in Q2 2014 and held it in 12 quarters. The position peaked at $1.59M in Q4 2016. 140 funds tracked by Wall St. Rank hold UFCS as of Q3 2017.

Zebra Capital Management reported no remaining United Fire Group position as of Q3 2017 after selling out during the quarter.
Zebra Capital Management sold 16,514 United Fire Group shares in Q3 2017, an estimated $728K.
Zebra Capital Management first reported a position in United Fire Group in Q2 2014 and held it in 12 quarters.
Zebra Capital Management's United Fire Group position peaked at $1.59M in Q4 2016.
140 funds tracked by Wall St. Rank held United Fire Group as of Q3 2017.

Based on Zebra Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.