Grey Owl Capital Management’s Novartis NVS Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-11,360	Closed	-$865K	–	51
2014 Q1	$865K	Buy	11,360 +192	+2%	+$14.6K	1%	27
2013 Q4	$804K	Buy	+11,168	New	+$804K	1.06%	28