F.L. Putnam Investment Management’s IPG Photonics IPGP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-10,568	Closed	-$751K	–	197
2014 Q1	$751K	Sell	10,568 -500	-5%	-$35.5K	0.09%	144
2013 Q4	$859K	Sell	11,068 -5,567	-33%	-$432K	0.1%	138
2013 Q3	$937K	Sell	16,635 -5,975	-26%	-$337K	0.12%	139
2013 Q2	$1.37M	Buy	+22,610	New	+$1.37M	0.2%	112