Fondren Management’s Pitney Bowes PBI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2019 Q4	–	Sell	-145,000	Closed	-$663K	–	88
2019 Q3	$663K	Buy	+145,000	New	+$663K	0.55%	51
2019 Q2	–	Sell	-140,000	Closed	-$962K	–	88
2019 Q1	$962K	Buy	+140,000	New	+$962K	0.77%	34