Dialectic Capital Management’s Rayonier RYN Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-28,555	Closed	-$932K	–	168
2014 Q1	$932K	Sell	28,555 -17,803	-38%	-$581K	0.31%	60
2013 Q4	$1.39M	Buy	+46,358	New	+$1.39M	0.44%	45