Cortland Associates’s US Bancorp USB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-17,769	Closed	-$718K	–	37
2013 Q4	$718K	Hold	17,769	–	–	0.15%	21
2013 Q3	$650K	Sell	17,769 -332	-2%	-$12.1K	0.14%	21
2013 Q2	$654K	Buy	+18,101	New	+$654K	0.15%	20