Fondren Management’s Valhi VHI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2019 Q4	–	Sell	-22,917	Closed	-$523K	–	93
2019 Q3	$523K	Sell	22,917 -5,416	-19%	-$124K	0.44%	59
2019 Q2	$1.01M	Sell	28,333 -417	-1%	-$14.9K	0.96%	30
2019 Q1	$797K	Buy	+28,750	New	+$797K	0.63%	36