Confluence Investment Management’s Donnelley Financial Solutions DFIN Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2017 Q3	–	Sell	-305,275	Closed	-$7.01M	–	241
2017 Q2	$7.01M	Sell	305,275 -401,713	-57%	-$9.22M	0.14%	117
2017 Q1	$13.6M	Sell	706,988 -109,638	-13%	-$2.11M	0.3%	76
2016 Q4	$18.8M	Buy	+816,626	New	+$18.8M	0.46%	56