Cutler Capital Management’s Valero Energy VLO Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-6,000	Closed	-$302K	–	112
2013 Q4	$302K	Sell	6,000 -1,500	-20%	-$75.5K	0.12%	85
2013 Q3	$256K	Buy	+7,500	New	+$256K	0.1%	93