Arbiter Partners Capital Management’s Air Products & Chemicals APD Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2013 Q4	–	Sell	-5,405	Closed	-$533K	–	82
2013 Q3	$533K	Buy	+5,405	New	+$533K	0.13%	38
2013 Q2	–	Hold	0	–	–	–	68