Alken Asset Management’s Pitney Bowes PBI Stock Holding History

Alken Asset Management’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 Q3	–	Sell	-120,000	Closed	-$2.5M	–	4
2015 Q2	$2.5M	Sell	120,000 -2,082,511	-95%	-$46.9M	0.15%	4
2015 Q1	$51.4M	Sell	2,202,511 -1,923,692	-47%	-$44.8M	2.42%	5
2014 Q4	$101M	Sell	4,126,203 -223,234	-5%	-$5.45M	3.64%	6
2014 Q3	$181M	Sell	4,349,437 -3,070,725	-41%	-$82.1M	8.09%	4
2014 Q2	$205M	Buy	7,420,162 +45,112	+0.6%	+$1.2M	9.4%	4
2014 Q1	$192M	Buy	7,375,050 +1,213,292	+20%	+$29.9M	8.46%	4
2013 Q4	$144M	Buy	6,161,758 +1,521,750	+33%	+$32.7M	5.95%	5
2013 Q3	$84.4M	Buy	4,640,008 +4,263,913	+1,134%	+$69.9M	5.49%	5
2013 Q2	$5.52M	Buy	+376,095	New	+$5.55M	1.01%	3

Other funds holding PBI

LTI

Laffer Tengler Investments Nashville, Tennessee $677M AUM 27.58% 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

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

First Eagle Investment Management New York $59B AUM 32.99% 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

WHG

Westwood Holdings Group Dallas, Texas $13.7B AUM 21.48% 1-Year Est. Return

BFA

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

Alken Asset Management's PBI Position: Q3 2015 in Review

Alken Asset Management sold out of Pitney Bowes (PBI) in Q3 2015, closing a stake of 120,000 shares — an estimated $2.5M sold.

Alken Asset Management first reported a position in PBI in Q2 2013 and held it in 9 quarters. The position peaked at $205M in Q2 2014. 331 funds tracked by Wall St. Rank hold PBI as of Q3 2015.

Alken Asset Management reported no remaining Pitney Bowes position as of Q3 2015 after selling out during the quarter.
Alken Asset Management sold 120,000 Pitney Bowes shares in Q3 2015, an estimated $2.5M.
Alken Asset Management first reported a position in Pitney Bowes in Q2 2013 and held it in 9 quarters.
Alken Asset Management's Pitney Bowes position peaked at $205M in Q2 2014.
331 funds tracked by Wall St. Rank held Pitney Bowes as of Q3 2015.

Based on Alken Asset Management's 13F filing for Q3 2015, filed 16 Oct 2015.