Espalier Global Management’s Veeco VECO Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-300,000	Closed	-$10.5M	–	98
2014 Q3	$10.5M	Buy	300,000 +100,000	+50%	+$3.5M	0.56%	13
2014 Q2	$7.45M	Buy	+200,000	New	+$7.45M	0.58%	31
2014 Q1	–	Sell	-260,000	Closed	-$8.56M	–	105
2013 Q4	$8.56M	Buy	+260,000	New	+$8.56M	0.82%	23