Confluence Investment Management’s Jefferies Financial Group JEF Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-11,219	Closed	-$285K	–	258
2013 Q4	$285K	Sell	11,219 -1,522	-12%	-$38.7K	0.02%	245
2013 Q3	$311K	Sell	12,741 -4,263	-25%	-$104K	0.02%	239
2013 Q2	$399K	Buy	+17,004	New	+$399K	0.03%	211