Cadence Capital 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 Q2	–	Sell	-39,000	Closed	-$3.62M	–	634
2015 Q1	$3.62M	Sell	39,000 -10,220	-21%	-$947K	0.22%	121
2014 Q4	$3.69M	Buy	+49,220	New	+$3.69M	0.21%	132