Carderock Capital Management’s SAP SAP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-6,988	Closed	-$568K	–	188
2014 Q1	$568K	Buy	6,988 +1,424	+26%	+$116K	0.29%	76
2013 Q4	$485K	Buy	5,564 +114	+2%	+$9.94K	0.25%	76
2013 Q3	$403K	Buy	+5,450	New	+$403K	0.23%	76