Bought
Maintained
Sold
Quarter Market Value Status Shares Shares
Change %
Capital Flow Portfolio Weight Portfolio Position
2014
Q4
Sell
-2,117,000
Closed -$40M 11
2014
Q3
$40M Sell
2,117,000
-305,000
-13% -$5.76M 6.78% 5
2014
Q2
$45.5M Sell
2,422,000
-850,000
-26% -$16M 6.94% 7
2014
Q1
$48.9M Sell
3,272,000
-4,383,000
-57% -$65.4M 7.81% 5
2013
Q4
$64.1M Buy
7,655,000
+3,805,000
+99% +$31.8M 4.38% 8
2013
Q3
$21.9M Buy
+3,850,000
New +$21.9M 1.64% 16