Arbiter Partners Capital Management’s Independent Bank Corp IBCP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-51,000	Closed	-$608K	–	106
2014 Q3	$608K	Hold	51,000	–	–	0.06%	52
2014 Q2	$656K	Hold	51,000	–	–	0.06%	52
2014 Q1	$662K	Hold	51,000	–	–	0.07%	42
2013 Q4	$612K	Hold	51,000	–	–	0.08%	40
2013 Q3	$510K	Buy	+51,000	New	+$510K	0.12%	39