Dunvegan Associates’s iShares Biotechnology ETF IBB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q4	$1.75M	Sell	15,471 -1,038	-6%	-$113K	2.05%	13
2015 Q3	$1.67M	Sell	16,509 -150	-0.9%	-$18K	1.9%	14
2015 Q2	$2.05M	Sell	16,659 -5,973	-26%	-$715K	2.27%	14
2015 Q1	$2.59M	Sell	22,632 -546	-2%	-$60.2K	2.29%	13
2014 Q4	$2.34M	Sell	23,178 -972	-4%	-$94.5K	2.04%	17
2014 Q3	$2.2M	Sell	24,150 -84	-0.3%	-$7.37K	1.99%	17
2014 Q2	$2.08M	Sell	24,234 -237	-1%	-$18.7K	1.73%	19
2014 Q1	$1.93M	Sell	24,471 -3,267	-12%	-$272K	1.62%	22
2013 Q4	$2.1M	Sell	27,738 -6,159	-18%	-$437K	1.73%	19
2013 Q3	$2.37M	Sell	33,897 -1,248	-4%	-$81.8K	1.75%	21
2013 Q2	$2.04M	Buy	+35,145	New	+$2.03M	1.57%	24