Absolute Return Capital’s Pitney Bowes PBI Stock Holding History

Absolute Return Capital’s Portfolio PBI Stock Details PBI Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-144,873	Closed	-$2.88M	–	249
2015 Q3	$2.88M	Buy	144,873 +142,229	+5,379%	+$2.92M	0.18%	149
2015 Q2	$55K	Sell	2,644 -338,347	-99%	-$7.62M	﹤0.01%	556
2015 Q1	$7.95M	Buy	+340,991	New	+$7.94M	0.21%	136
2014 Q3	–	Sell	-443,354	Closed	-$12.2M	–	845
2014 Q2	$12.2M	Buy	443,354 +311,408	+236%	+$8.29M	0.14%	191
2014 Q1	$3.43M	Sell	131,946 -1,470,285	-92%	-$36.3M	0.05%	384
2013 Q4	$37.3M	Sell	1,602,231 -1,187,563	-43%	-$25.5M	0.41%	67
2013 Q3	$50.7M	Sell	2,789,794 -1,160,277	-29%	-$19M	0.7%	18
2013 Q2	$58M	Buy	+3,950,071	New	+$58.3M	0.75%	21

Other funds holding PBI

LTI

Laffer Tengler Investments Nashville, Tennessee $677M AUM 27.58% 1-Year Est. Return

ACM

Americafirst Capital Management Roseville, California $74M AUM 13.49% 1-Year Est. Return

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

IAM

Iridian Asset Management Westport, Connecticut $247M AUM 20.65% 1-Year Est. Return

Neuberger Berman Group New York $131B AUM 28.36% 1-Year Est. Return

First Eagle Investment Management New York $59B AUM 32.99% 1-Year Est. Return

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

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

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

Absolute Return Capital's PBI Position: Q4 2015 in Review

Absolute Return Capital sold out of Pitney Bowes (PBI) in Q4 2015, closing a stake of 144,873 shares — an estimated $2.88M sold.

Absolute Return Capital first reported a position in PBI in Q2 2013 and held it in 8 quarters. The position peaked at $58M in Q2 2013. 359 funds tracked by Wall St. Rank hold PBI as of Q4 2015.

Absolute Return Capital reported no remaining Pitney Bowes position as of Q4 2015 after selling out during the quarter.
Absolute Return Capital sold 144,873 Pitney Bowes shares in Q4 2015, an estimated $2.88M.
Absolute Return Capital first reported a position in Pitney Bowes in Q2 2013 and held it in 8 quarters.
Absolute Return Capital's Pitney Bowes position peaked at $58M in Q2 2013.
359 funds tracked by Wall St. Rank held Pitney Bowes as of Q4 2015.

Based on Absolute Return Capital's 13F filing for Q4 2015.