Exited positions

Value stock positions

Ticker Purchase Date(1) Entry Sell Date Dividend Exit Rating Return
RHDGF Jun 4, 2014 18.95 Oct 13, 2017 9.00 23.24 ** 70.1%
WEBC Sep 16, 2016 52.00 Apr 26, 2017 82.95 ** 59.5%
BOL.AX Jun 16, 2014 0.135 Apr 12, 2017 0.120 *** -11.1%
AWDR.OL May 15, 2013 90.00 Mar 24, 2017 75.13 31.80 ** 18.9%
5965.JP Aug 8, 2014 863 Mar 24, 2017 40 1688 ** 100.2%
PVCS.L Mar 3, 2013 28.83(5) Mar 24, 2017 18.85 21.00 *** 110.4%
BUR.PA Mar 20, 2013 346.83 Mar 6, 2017 28.90 1136.38 ** 236.0%
CKI.TO Dec 29, 2015 9.81 Jun 10, 2016 0.10 10.95 ** 12.6%
CKI.TO Dec 2, 2014 10.00 Jun 23, 2015 0.20 12.05 ** 22.5%
CLP.L Mar 10, 2014 2.00 Apr 13, 2015 1.30 ** -35.0%
EHL.AX Nov 19, 2013 0.245 May 20, 2014 0.250 ** 2.0%
MGX.DE Nov 1, 2013 2.813 May 26, 2014 3.077 ** 9.4%
L1D.SI Sep 16, 2013 0.148 Sep 26, 2013 0.147 *** -0.7%
AKPS.OL Apr 8, 2013 26.50 May 8, 2013 35.90 *** 35.5%
ALJJ Feb 12, 2013 0.732 Jun 7, 2013 0.84 ** 14.8%
UTSI Feb 11, 2013 2.90(3) Sep 11, 2014 3.51 ** 20.9%
TLI.L Nov 21, 2012 42.50 Nov 8, 2013 41.50 ***** -2.4%
AIG Sep 10, 2012 33.26 Aug 7, 2015 0.95 63.12 ** 92.6%
RELLA.CO July 19, 2012 32.20 Mar 27, 2015 74.50 ** 131.4%
ORGN.PK May 10, 2012 1.45 Aug 28, 2012 0.38 1.45 *** 26.1%
CNRD.PK Mar 29, 2012 16.50 Jul 31, 2015 5.50 29.93 **** 114.7%
SODI.OB Mar 26, 2012 3.09 June 23, 2014 0.05 4.16 ** 36.2%
SALM Feb 21, 2012 2.65 Apr 3, 2013 0.19 8.71 ** 235.8%
IAM.TO Jan 24, 2012 0.59 Jan 11, 2013 0.05 0.52 *** -3.4%
URB-A.TO Nov 28, 2011 0.99 Oct 25, 2012 0.90 ** -9.1%
0684.HK Nov 16, 2011 2.21 Jul 5, 2013 0.175 2.42 *** 17.5%
ASFI Nov 7, 2011 8.33 Jun 10, 2014 0.16 8.53 **** 4.3%

Italian REIFs

Ticker Purchase Date(1) entry Sell Date dividend Exit Return
QFEI1.MI Mar 2, 2015 720.00 Mar 27, 2017 450.00 948.5 94.2%

Short positions

Ticker Short Date(1) entry cover Date dividend Exit Return
AIRT Dec 19, 2014 26.31 Feb 4, 2015 19.95 24.2%
GSAT Oct 6, 2014 2.79 Oct 17, 2014 2.04 26.7%
AIBYY May 5, 2014 1.57 May 6, 2014 1.45 7.6%
TXTR Dec 26, 2013 33.20 Jan 6, 2014 30.79 7.3%
VEEV Dec 3, 2013 41.71 Dec 3, 2014 30.85 26.0%
STP Mini Short Jan 7, 2013 1.72 May 16, 2014 2.69 56.4%
VVUS Jul 19, 2012 26.24 Nov 6, 2012 13.11 50.0%

Special situations: liquidations

Ticker Purchase Date(1) entry Sell Date dividend Exit Return
ORGN Feb 17, 2015 1.64 Feb 19, 2015 1.70 3.4%
ACME Oct 9, 2012 0.95 Dec 24, 2012 0.93 0.16 14.7%

Special situations: capital structure arbitrage

Ticker Purchase Date(1) entry Spread Sell Date dividend Exit SPREAD Return
PRIS/PRIS-B Jan 2, 2013 -0.02 May 16, 2014 0.1715 1.094 115.5%

Special situations: merger arb

Ticker Purchase Date(1) entry Sell Date dividend Exit Return
FBCP Nov 18, 2016 21.35 Jan 12, 2017 22.84 7.0%
AFCO Nov 16, 2016 7.45 Jan 3, 2017 0.0625 7.98 8.0%
FDVF Sep 20, 2016 0.5572 Nov 8 , 2016 0.5860 5.2%
KAHL Jun 6, 2016 139.07 Jul 20, 2016 159.82 14.9%
NSPH May 18, 2016 1.31 May 27, 2016 1.71 30.5%
CTCM Feb 23, 2016 1.85 May 19, 2016 2.05 10.8%
MEAFR.AS Oct 22, 2015 5.88 Nov 20, 2015 6.12 4.1%
WX Aug 28, 2015 43.04 Dec 10, 2015  – 45.95 6.8%
ROIQW Jul 27, 2015 0.41 Nov 4, 2015 0.00 -100%
NOF.OL Jul 2, 2015 7.20 Aug 12, 2015 7.59 5.4%
PHST.L Jun 9, 2015 5.34 Jun 25, 2015 5.50 3.0%
MCGC Apr 30, 2015 4.43 Aug 14, 2015 4.48 1.1%
PZG/CDE(7) Mar 18, 2015 0.00 Apr 21, 2015 0.09 8.1%
ATLS/TRGP(6) Dec 10, 2014 10.40 Dec 17, 2014 10.78 1.4%
ITSI Jan 9, 2014 1.15 Feb 4, 2014 1.30 13.0%
WH Jan 2, 2014 2.66 Jun 12, 2014 1.02 -61.7%
WH Aug 16, 2013 2.51 Dec 31, 2013 2.74 9.2%
CHGY Mar 21, 2013 0.1304 Nov 11, 2013 0.14 7.4%
WH Feb 21, 2013 2.83 Mar 3, 2013 3.05 7.8%
SHP Jan 2, 2013 8.57 Jan 11, 2013 8.72 1.8%
ALJJ Nov 20, 2012 0.75 Feb 15, 2013(2) 0.83 10.9%
NKBP Oct 15, 2012 5.30 Jan 10, 2013 5.73 8.1%
CMMCY.PK Sep 17, 2012 4.76 Nov 11, 2012 4.95 4.0%
FBK.TO Apr 19, 2012 0.96 May 3, 2012 0.92 -4.2%
VRUS 135C Dec 8, 2011 1.65 Jan 11, 2012 2.00 21.2%

1. Date of first purchase/sale
2. Not completely sold, transferred remaining position to long term value stock category
3. Adjusted for 1-for-3 reverse split
4. Stock price in NOK, dividend in USD
5. Adjusted for 5-for-13 reverse split
6. Measured as a spread between ATLS and 0.1809 * TRGP, return measured based on value ATLS leg
7. Measured as spread between PZG and 0.2016 * CDE, return measured based on value PZG leg

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