Forward Management’s Mastercard MA Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-5,000	Closed	-$334K	–	371
2014 Q1	$334K	Sell	5,000 -10,000	-67%	-$668K	0.02%	263
2013 Q4	$1.13M	Buy	15,000 +8,000	+114%	+$602K	0.07%	137
2013 Q3	$456K	Buy	+7,000	New	+$456K	0.03%	231