Dynamic Capital Management’s Pitney Bowes PBI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-35,570	Closed	-$889K	–	372
2014 Q3	$889K	Buy	35,570 +11,936	+51%	+$298K	0.23%	164
2014 Q2	$653K	Buy	+23,634	New	+$653K	0.18%	192