Advisory Research’s Shenandoah Telecom SHEN Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-167,012	Closed	-$2.14M	–	794
2013 Q4	$2.14M	Sell	167,012 -150,320	-47%	-$1.93M	0.02%	194
2013 Q3	$3.82M	Sell	317,332 -37,738	-11%	-$455K	0.04%	175
2013 Q2	$2.96M	Buy	+355,070	New	+$2.96M	0.03%	182