BAIDU INC

Ticker: BIDU CUSIP: 056752108 Class: SPON ADR REP A

Global Endowment Management, LP's Holding History (CIK: 0001512237)

Note: Option positions (PUT/CALL) are excluded.

Q3 2016
Shares 70,600 Value ($000) $12,854 Avg Close — Range —
Q2 2016
Shares 40,000 Value ($000) $6,606 Avg Close — Range —
Q1 2016
Shares 40,000 Value ($000) $7,635 Avg Close — Range —
Q4 2015
Shares 40,000 Value ($000) $7,562 Avg Close — Range —
Q3 2015
Shares 40,000 Value ($000) $5,496 Avg Close — Range —
Q2 2015
Shares 25,000 Value ($000) $4,977 Avg Close — Range —
Q1 2015
Shares 25,000 Value ($000) $5,210 Avg Close — Range —