Ivory Investment Management’s SM Energy SM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-70,219	Closed	-$5.84M	–	216
2013 Q4	$5.84M	Sell	70,219 -73,000	-51%	-$6.07M	0.29%	64
2013 Q3	$11.1M	Buy	+143,219	New	+$11.1M	0.52%	42