Balestra Capital’s Philip Morris PM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-162,537	Closed	-$14.2M	–	21
2013 Q4	$14.2M	Sell	162,537 -181,700	-53%	-$15.8M	0.84%	9
2013 Q3	$29.8M	Sell	344,237 -100,000	-23%	-$8.66M	9.59%	6
2013 Q2	$38.5M	Buy	+444,237	New	+$38.5M	10.41%	2