How is the capital gains/loss calculated by Bivio in the
K-1's - per unit value for each member or for the member's
percentage holding of each individual stock?

From a quick glance, I think it might be the latter, since
one member who left the club (his final cash distribution is
less than his cost basis), has a positive capital gain
listed on his K1 (we sold stocks at a profit this year.)

Any advice on what to do about this? The calculations should
be done in unit value.

Thanks,
Ann