Adirondack Research & Management’s Morgan Stanley MS Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q2	–	Sell	-9,995	Closed	-$539K	–	115
2018 Q1	$539K	Sell	9,995 -2,705	-21%	-$150K	0.22%	82
2017 Q4	$666K	Sell	12,700 -550	-4%	-$27.8K	0.26%	71
2017 Q3	$638K	Hold	13,250	–	–	0.25%	72
2017 Q2	$590K	Hold	13,250	–	–	0.23%	72
2017 Q1	$568K	Sell	13,250 -450	-3%	-$20K	0.2%	77
2016 Q4	$579K	Sell	13,700 -800	-6%	-$30.3K	0.2%	76
2016 Q3	$465K	Hold	14,500	–	–	0.17%	86
2016 Q2	$377K	Hold	14,500	–	–	0.14%	95
2016 Q1	$363K	Hold	14,500	–	–	0.13%	90
2015 Q4	$461K	Hold	14,500	–	–	0.17%	82
2015 Q3	$457K	Sell	14,500 -525	-3%	-$19.1K	0.18%	81
2015 Q2	$583K	Sell	15,025 -1,000	-6%	-$38.1K	0.21%	75
2015 Q1	$572K	Sell	16,025 -50	-0.3%	-$1.79K	0.22%	77
2014 Q4	$624K	Sell	16,075 -500	-3%	-$17.8K	0.23%	75
2014 Q3	$573K	Hold	16,575	–	–	0.21%	81
2014 Q2	$536K	Sell	16,575 -200	-1%	-$6.17K	0.18%	85
2014 Q1	$523K	Hold	16,775	–	–	0.2%	84
2013 Q4	$526K	Hold	16,775	–	–	0.26%	80
2013 Q3	$452K	Sell	16,775 -600	-3%	-$16.1K	0.26%	82
2013 Q2	$424K	Buy	+17,375	New	+$412K	0.32%	81