Allen Investment Management’s Smith & Nephew SNN Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-285,000	Closed	-$10.5M	–	241
2014 Q4	$10.5M	Sell	285,000 -240,000	-46%	-$8.82M	0.79%	41
2014 Q3	$17.7M	Buy	525,000 +150,000	+40%	+$5.05M	1.47%	26
2014 Q2	$13.4M	Buy	+375,000	New	+$13.4M	1.4%	33