Grey Owl Capital Management’s iShares 20+ Year Treasury Bond ETF TLT Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q3	$3.97M	Sell	34,146 -2,719	-7%	-$316K	5%	6
2014 Q2	$4.19M	Sell	36,865 -1,100	-3%	-$125K	4.6%	7
2014 Q1	$4.14M	Buy	37,965 +25,666	+209%	+$2.8M	4.77%	7
2013 Q4	$1.25M	Buy	+12,299	New	+$1.25M	1.65%	21