1919 Investment Counsel’s Air Products & Chemicals APD Stock Holding History

1919 Investment Counsel’s Portfolio APD Stock Details APD Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q3	$38.3M	Sell	317,637 -7,748	-2%	-$947K	0.79%	38
2014 Q2	$38.7M	Sell	325,385 -15,185	-4%	-$1.69M	0.79%	37
2014 Q1	$37.5M	Sell	340,570 -24,034	-7%	-$2.55M	0.77%	41
2013 Q4	$37.7M	Sell	364,604 -25,438	-7%	-$2.56M	0.79%	38
2013 Q3	$38.5M	Sell	390,042 -98,302	-20%	-$9.34M	0.86%	35
2013 Q2	$41.4M	Buy	+488,344	New	+$41M	0.97%	34

Other funds holding APD

PSCM

Pershing Square Capital Management New York $13.7B AUM 13.45% 1-Year Est. Return

State Farm Mutual Automobile Insurance Bloomington, Illinois $127B AUM 32.55% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

Franklin Resources San Mateo, California $408B AUM 30.18% 1-Year Est. Return

Sculptor Capital New York $9.61B AUM 27.49% 1-Year Est. Return

Bank of New York Mellon New York $544B AUM 28.31% 1-Year Est. Return

JHIU

Janus Henderson Investors US Denver, Colorado $122B AUM 18.26% 1-Year Est. Return

HCM

Highfields Capital Management Boston, Massachusetts $68.3M AUM 21.64% 1-Year Est. Return

1919 Investment Counsel's APD Position: Q3 2014 in Review

1919 Investment Counsel reduced its Air Products & Chemicals (APD) stake by 2.4% in Q3 2014, selling an estimated $947K and leaving 317,637 shares worth $38.3M. The position accounts for 0.79% of the portfolio, ranked #38.

1919 Investment Counsel first reported a position in APD in Q2 2013 and has held it in 6 quarters since. The position peaked at $41.4M in Q2 2013. 788 funds tracked by Wall St. Rank hold APD as of Q3 2014.

1919 Investment Counsel held 317,637 shares of Air Products & Chemicals worth $38.3M as of Q3 2014.
1919 Investment Counsel sold 7,748 Air Products & Chemicals shares in Q3 2014, an estimated $947K.
Air Products & Chemicals made up 0.79% of 1919 Investment Counsel's portfolio in Q3 2014, its #38 holding.
1919 Investment Counsel first reported a position in Air Products & Chemicals in Q2 2013 and has held it in 6 quarters since.
1919 Investment Counsel's Air Products & Chemicals position peaked at $41.4M in Q2 2013.
788 funds tracked by Wall St. Rank held Air Products & Chemicals as of Q3 2014.

Based on 1919 Investment Counsel's 13F filing for Q3 2014, filed 14 Nov 2014.