Denali Advisors’s Sapiens International SPNS Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2017 Q3	–	Sell	-63	Closed	-$1K	–	292
2017 Q2	$1K	Buy	+63	New	+$1K	﹤0.01%	248
2016 Q3	–	Sell	-171	Closed	-$2K	–	304
2016 Q2	$2K	Hold	171	–	–	﹤0.01%	224
2016 Q1	$2K	Buy	+171	New	+$2K	﹤0.01%	219