Ivory Investment Management’s International Paper IP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-19,191	Closed	-$822K	–	131
2014 Q1	$822K	Buy	19,191 +329	+2%	+$14.1K	0.03%	193
2013 Q4	$864K	Sell	18,862 -264,547	-93%	-$12.1M	0.04%	175
2013 Q3	$11.9M	Sell	283,409 -129,943	-31%	-$5.44M	0.56%	40
2013 Q2	$17.1M	Buy	+413,352	New	+$17.1M	0.7%	35