Cipher Capital’s Cullen/Frost Bankers CFR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q2	–	Sell	-13,039	Closed	-$901K	–	509
2015 Q1	$901K	Buy	13,039 +5,967	+84%	+$412K	0.15%	229
2014 Q4	$499K	Buy	+7,072	New	+$499K	0.13%	253