Adirondack Research & Management’s Pitney Bowes PBI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-19,389	Closed	-$352K	–	114
2016 Q3	$352K	Sell	19,389 -20	-0.1%	-$363	0.13%	99
2016 Q2	$345K	Sell	19,409 -21	-0.1%	-$373	0.13%	100
2016 Q1	$419K	Buy	+19,430	New	+$419K	0.15%	87