Dialectic 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 Q3	–	Sell	-25,350	Closed	-$1.27M	–	161
2014 Q2	$1.27M	Buy	25,350 +10,981	+76%	+$550K	0.4%	53
2014 Q1	$763K	Buy	+14,369	New	+$763K	0.25%	69