General Motors Investment Management’s Sapiens International SPNS Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-16,216	Closed	-$125K	–	977
2013 Q4	$125K	Sell	16,216 -15,505	-49%	-$120K	0.01%	904
2013 Q3	$192K	Hold	31,721	–	–	0.02%	829
2013 Q2	$182K	Buy	+31,721	New	+$182K	0.02%	806