Bookkeeping: Closing Out Some Smaller Positions

We've added quite a few names the past few weeks, especially healthcare (and retail I suppose), as we "turn" the direction of the fund. I have a lot of 0.1% type of positions in the fund which are "holding stakes" waiting for better action in the stocks - I do this so I don't have to constantly say "I'm starting a new position" or "I'm closing a position". Effectively these 4 positions have been "closed" since they only sit as 0.1% stakes, but now I'm doing it formally. Since I want to keep focused on a relatively narrow band of long positions I'm going to cut some of these to keep the fund from getting bloated with positions. 3 of the names were bought on day 1 or day 2 of the fund so these are some long term positions we've held.

1. Ctrip.com (CTRP) - Chinese travel; hedge funds have informed me that China just fell off the map and as the rest of the world turns