Independent Franchise Partners’s IBM IBM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2021 Q1	–	Sell	-4,650,477	Closed	-$560M	–	25
2020 Q4	$560M	Buy	4,650,477 +108,736	+2%	+$13.1M	4.81%	10
2020 Q3	$528M	Buy	4,541,741 +645,120	+17%	+$75M	5.24%	9
2020 Q2	$450M	Buy	3,896,621 +270,239	+7%	+$31.2M	4.57%	10
2020 Q1	$385M	Buy	+3,626,382	New	+$385M	4.74%	8