UNITED AIRLS HLDGS INC

Ticker: UAL CUSIP: 910047109 Class: COM

CTC Alternative Strategies, Ltd.'s Holding History (CIK: 0001569550)

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

Q1 2015

Shares 3,820 Value ($000) $256,895 Avg Close $67.75 Range $62.37 - $74.52

Q4 2014

Shares 3,614 Value ($000) $241,740 Avg Close $55.38 Range $39.46 - $67.77

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	3,820	$256,895	$67.75	$62.37 - $74.52
Q4 2014	3,614	$241,740	$55.38	$39.46 - $67.77