A funds manager manages a diversified Australian share portfolio, but is concerned that stock prices in the market will fall over the next three months. The manager decides to hedge the risk by selling 115 S&P/ASX All Ordinaries Share Price Index futures contracts at 2599. Three months later, when the manager closes out the position, the contract is trading at 2613. Calculate the profit or loss position of the futures transactions (assume contract multiplier of $25).