Azimuth Capital Management’s Plains All American Pipeline PAA Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-58,076	Closed	-$1.76M	–	275
2015 Q3	$1.76M	Buy	58,076 +155	+0.3%	+$5.67K	0.18%	154
2015 Q2	$2.52M	Buy	57,921 +535	+0.9%	+$25.7K	0.25%	136
2015 Q1	$2.8M	Buy	57,386 +5,665	+11%	+$281K	0.27%	126
2014 Q4	$2.65M	Buy	51,721 +4,805	+10%	+$255K	0.27%	121
2014 Q3	$2.76M	Buy	46,916 +3,305	+8%	+$194K	0.3%	100
2014 Q2	$2.62M	Buy	43,611 +5,436	+14%	+$309K	0.29%	107
2014 Q1	$2.1M	Buy	38,175 +1,045	+3%	+$54.9K	0.25%	123
2013 Q4	$1.92M	Buy	37,130 +3,825	+11%	+$195K	0.23%	131
2013 Q3	$1.75M	Buy	33,305 +2,385	+8%	+$127K	0.24%	128
2013 Q2	$1.73M	Buy	+30,920	New	+$1.75M	0.3%	107