Herndon Capital Management’s British American Tobacco BTI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q3	–	Sell	-3,530	Closed	-$210K	–	165
2014 Q2	$210K	Buy	+3,530	New	+$210K	﹤0.01%	155
2013 Q4	–	Sell	-5,082	Closed	-$267K	–	175
2013 Q3	$267K	Sell	5,082 -538	-10%	-$28.3K	﹤0.01%	163
2013 Q2	$289K	Buy	+5,620	New	+$289K	﹤0.01%	157