Aviance Capital Partners’s Telefonica TEF Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-31,206	Closed	-$362K	–	229
2014 Q1	$362K	Hold	31,206	–	–	0.15%	165
2013 Q4	$374K	Sell	31,206 -33,538	-52%	-$402K	0.16%	159
2013 Q3	$735K	Sell	64,744 -9,676	-13%	-$110K	0.34%	80
2013 Q2	$700K	Buy	+74,420	New	+$700K	0.38%	78