Confluence Investment Management’s Safeguard Scientifics, Inc. SFE Stock Holding History

Confluence Investment Management’s Portfolio SFE Stock Details SFE Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-45,000	Closed	-$653K	–	246
2015 Q4	$653K	Hold	45,000	–	–	0.02%	201
2015 Q3	$699K	Sell	45,000 -10,000	-18%	-$179K	0.03%	202
2015 Q2	$1.07M	Sell	55,000 -18,767	-25%	-$344K	0.04%	198
2015 Q1	$1.33M	Hold	73,767	–	–	0.05%	193
2014 Q4	$1.46M	Hold	73,767	–	–	0.06%	181
2014 Q3	$1.36M	Sell	73,767 -7,600	-9%	-$150K	0.06%	189
2014 Q2	$1.69M	Sell	81,367 -16,100	-17%	-$324K	0.08%	165
2014 Q1	$2.16M	Buy	97,467 +22,000	+29%	+$437K	0.11%	151
2013 Q4	$1.52M	Buy	75,467 +10,000	+15%	+$177K	0.08%	164
2013 Q3	$1.03M	Buy	+65,467	New	+$1.01M	0.06%	184

Other funds holding SFE

First Manhattan New York $36.1B AUM 11.5% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

GIM

Granahan Investment Management Waltham, Massachusetts $2.07B AUM 56.45% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

William Blair Investment Management Chicago, Illinois $30.3B AUM 33.75% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

Pembroke Management Montreal, Quebec, Canada $691M AUM 27.96% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

Confluence Investment Management's SFE Position: Q1 2016 in Review

Confluence Investment Management sold out of Safeguard Scientifics, Inc. (SFE) in Q1 2016, closing a stake of 45,000 shares — an estimated $653K sold.

Confluence Investment Management first reported a position in SFE in Q3 2013 and held it in 10 quarters. The position peaked at $2.16M in Q1 2014. 100 funds tracked by Wall St. Rank hold SFE as of Q1 2016.

Confluence Investment Management reported no remaining Safeguard Scientifics, Inc. position as of Q1 2016 after selling out during the quarter.
Confluence Investment Management sold 45,000 Safeguard Scientifics, Inc. shares in Q1 2016, an estimated $653K.
Confluence Investment Management first reported a position in Safeguard Scientifics, Inc. in Q3 2013 and held it in 10 quarters.
Confluence Investment Management's Safeguard Scientifics, Inc. position peaked at $2.16M in Q1 2014.
100 funds tracked by Wall St. Rank held Safeguard Scientifics, Inc. as of Q1 2016.

Based on Confluence Investment Management's 13F filing for Q1 2016, filed 4 May 2016.