PANGAEA LOGISTICS SOLUTION L

Ticker: PANL CUSIP: G6891L105 Class: Foreign Stock

BRIDGEWAY CAPITAL MANAGEMENT, LLC's Holding History (CIK: 0001107261)

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

Q4 2025

Shares 672,462 Value ($000) $4,627 Avg Close $6.02 Range $4.51 - $7.42

Q3 2025

Shares 691,990 Value ($000) $3,515 Avg Close $5.10 Range $4.39 - $5.71

Q2 2025

Shares 707,479 Value ($000) $3,325 Avg Close $4.34 Range $3.82 - $4.99

Q1 2025

Shares 678,219 Value ($000) $3,228 Avg Close $5.06 Range $4.54 - $5.61

Q4 2024

Shares 652,368 Value ($000) $3,497 Avg Close $5.68 Range $4.60 - $6.80

Q3 2024

Shares 634,979 Value ($000) $4,591 Avg Close $6.40 Range $5.65 - $7.39

Q2 2024

Shares 617,827 Value ($000) $4,838 Avg Close $6.81 Range $5.95 - $7.68

Q1 2024

Shares 594,787 Value ($000) $4,146 Avg Close $7.41 Range $5.71 - $8.58

Q4 2023

Shares 572,222 Value ($000) $4,715 Avg Close $6.01 Range $5.09 - $7.48

Q3 2023

Shares 547,350 Value ($000) $3,218 Avg Close $5.47 Range $4.69 - $6.23

Q2 2023

Shares 526,810 Value ($000) $3,567 Avg Close $5.33 Range $4.49 - $6.32

Q1 2023

Shares 518,750 Value ($000) $3,045 Avg Close $5.10 Range $4.34 - $6.11

Q4 2022

Shares 531,100 Value ($000) $2,735 Avg Close $4.12 Range $3.64 - $4.47

Q3 2022

Shares 531,100 Value ($000) $2,454 Avg Close $4.03 Range $3.45 - $4.73

Q2 2022

Shares 627,600 Value ($000) $3,188 Avg Close $4.44 Range $3.70 - $5.76

Q1 2022

Shares 638,700 Value ($000) $3,551 Avg Close $3.77 Range $2.87 - $4.82

Q4 2021

Shares 508,500 Value ($000) $1,922 Avg Close $3.37 Range $2.73 - $4.25

Q3 2021

Shares 374,900 Value ($000) $1,893 Avg Close $3.87 Range $3.21 - $4.91

Q2 2021

Shares 193,500 Value ($000) $971 Avg Close $3.03 Range $2.23 - $4.24

Q1 2021

Shares 193,500 Value ($000) $611 Avg Close $2.36 Range $2.06 - $3.02

Q4 2020

Shares 193,500 Value ($000) $536 Avg Close $2.18 Range $1.85 - $2.72

Q3 2020

Shares 18,140 Value ($000) $47 Avg Close $1.78 Range $1.56 - $2.32

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	672,462	$4,627	$6.02	$4.51 - $7.42
Q3 2025	691,990	$3,515	$5.10	$4.39 - $5.71
Q2 2025	707,479	$3,325	$4.34	$3.82 - $4.99
Q1 2025	678,219	$3,228	$5.06	$4.54 - $5.61
Q4 2024	652,368	$3,497	$5.68	$4.60 - $6.80
Q3 2024	634,979	$4,591	$6.40	$5.65 - $7.39
Q2 2024	617,827	$4,838	$6.81	$5.95 - $7.68
Q1 2024	594,787	$4,146	$7.41	$5.71 - $8.58
Q4 2023	572,222	$4,715	$6.01	$5.09 - $7.48
Q3 2023	547,350	$3,218	$5.47	$4.69 - $6.23
Q2 2023	526,810	$3,567	$5.33	$4.49 - $6.32
Q1 2023	518,750	$3,045	$5.10	$4.34 - $6.11
Q4 2022	531,100	$2,735	$4.12	$3.64 - $4.47
Q3 2022	531,100	$2,454	$4.03	$3.45 - $4.73
Q2 2022	627,600	$3,188	$4.44	$3.70 - $5.76
Q1 2022	638,700	$3,551	$3.77	$2.87 - $4.82
Q4 2021	508,500	$1,922	$3.37	$2.73 - $4.25
Q3 2021	374,900	$1,893	$3.87	$3.21 - $4.91
Q2 2021	193,500	$971	$3.03	$2.23 - $4.24
Q1 2021	193,500	$611	$2.36	$2.06 - $3.02
Q4 2020	193,500	$536	$2.18	$1.85 - $2.72
Q3 2020	18,140	$47	$1.78	$1.56 - $2.32