Cadence Capital Management’s Phibro Animal Health PAHC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-19,520	Closed	-$617K	–	640
2015 Q3	$617K	Sell	19,520 -73,800	-79%	-$2.33M	0.04%	415
2015 Q2	$3.63M	Buy	+93,320	New	+$3.63M	0.2%	132