Godshalk Welsh Capital Management’s Novartis NVS Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-2,065	Closed	-$170K	–	139
2015 Q3	$170K	Buy	+2,065	New	+$170K	0.19%	137
2015 Q1	–	Sell	-2,065	Closed	-$171K	–	207
2014 Q4	$171K	Buy	+2,065	New	+$171K	0.16%	148