BRC Investment Management’s IPG Photonics IPGP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-7,922	Closed	-$602K	–	129
2015 Q3	$602K	Buy	7,922 +246	+3%	+$18.7K	0.09%	104
2015 Q2	$654K	Buy	+7,676	New	+$654K	0.09%	102