Generation Investment Management’s Blackbaud BLKB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2013 Q4	–	Sell	-1,255,698	Closed	-$49M	–	25
2013 Q3	$49M	Sell	1,255,698 -1,803,550	-59%	-$70.4M	0.93%	24
2013 Q2	$99.6M	Buy	+3,059,248	New	+$99.6M	1.92%	20