Karpas Strategies’s Rayonier Advanced Materials RYAM Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-27,157	Closed	-$606K	–	122
2014 Q4	$606K	Hold	27,157	–	–	0.29%	63
2014 Q3	$894K	Sell	27,157 -3,576	-12%	-$118K	0.45%	50
2014 Q2	$1.19M	Buy	+30,733	New	+$1.19M	0.6%	41