Fiduciary Management Associates’s Artisan Partners APAM Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-9,360	Closed	-$601K	–	122
2014 Q1	$601K	Sell	9,360 -840	-8%	-$53.9K	0.04%	97
2013 Q4	$665K	Buy	+10,200	New	+$665K	0.05%	89