Alpine Associates Advisors’s M&T Bank MTB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-238,200	Closed	-$28.9M	–	85
2014 Q1	$28.9M	Sell	238,200 -19,400	-8%	-$2.35M	1.81%	19
2013 Q4	$30M	Buy	+257,600	New	+$30M	1.52%	20