Horan Capital Management’s IBM IBM Stock Holding History

Horan Capital Management’s Portfolio IBM Stock Details IBM Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q1	–	Sell	-30,008	Closed	-$4.76M	–	83
2016 Q4	$4.76M	Sell	30,008 -1,525	-5%	-$232K	1.23%	27
2016 Q3	$4.79M	Sell	31,533 -1,402	-4%	-$213K	1.27%	29
2016 Q2	$4.78M	Sell	32,935 -2,160	-6%	-$309K	1.32%	29
2016 Q1	$5.08M	Sell	35,095 -1,530	-4%	-$195K	1.41%	27
2015 Q4	$4.82M	Sell	36,625 -1,760	-5%	-$236K	1.34%	24
2015 Q3	$5.32M	Sell	38,385 -42,064	-52%	-$6.21M	1.56%	25
2015 Q2	$12.5M	Sell	80,449 -719	-0.9%	-$116K	3.52%	12
2015 Q1	$12.5M	Buy	81,168 +24,044	+42%	+$3.65M	3.51%	13
2014 Q4	$8.76M	Buy	57,124 +2,694	+5%	+$429K	3.02%	19
2014 Q3	$9.88M	Buy	54,430 +3,285	+6%	+$598K	3.34%	16
2014 Q2	$8.86M	Buy	51,145 +2,758	+6%	+$496K	3%	19
2014 Q1	$8.9M	Buy	48,387 +1,315	+3%	+$232K	3.07%	19
2013 Q4	$8.44M	Buy	+47,072	New	+$8.12M	2.89%	20

Other funds holding IBM

Berkshire Hathaway

Berkshire Hathaway Omaha, Nebraska $263B AUM 16.68% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $5.7T AUM 30.48% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

State Farm Mutual Automobile Insurance

State Farm Mutual Automobile Insurance Bloomington, Illinois $127B AUM 32.55% 1-Year Est. Return

Bank of America

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Bank of New York Mellon

Bank of New York Mellon New York $544B AUM 28.31% 1-Year Est. Return

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Geode Capital Management

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return