Espalier Global Management’s Broadridge BR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-275,000	Closed	-$10.9M	–	65
2013 Q4	$10.9M	Sell	275,000 -75,000	-21%	-$2.96M	1.04%	22
2013 Q3	$11.1M	Sell	350,000 -50,000	-13%	-$1.59M	1.18%	19
2013 Q2	$10.6M	Buy	+400,000	New	+$10.6M	0.75%	21