Kerrisdale Advisers’s IBM IBM Stock Holding History

Kerrisdale Advisers’s Portfolio IBM Stock Details IBM Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-28,137	Closed	-$4.32M	–	33
2014 Q4	$4.32M	Sell	28,137 -419	-1%	-$66.7K	2.16%	16
2014 Q3	$5.18M	Buy	+28,556	New	+$5.2M	2.68%	14

Other funds holding IBM

Berkshire Hathaway Omaha, Nebraska $263B AUM 16.68% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

State Farm Mutual Automobile Insurance Bloomington, Illinois $127B AUM 32.55% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Bank of New York Mellon New York $544B AUM 28.31% 1-Year Est. Return

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

Norges Bank Oslo, Norway $935B AUM

Kerrisdale Advisers's IBM Position: Q1 2015 in Review

Kerrisdale Advisers sold out of IBM (IBM) in Q1 2015, closing a stake of 10,067 shares — an estimated $1.54M sold.

Kerrisdale Advisers first reported a position in IBM in Q4 2013 and held it in 5 quarters. The position peaked at $7.51M in Q2 2014. 1,723 funds tracked by Wall St. Rank hold IBM as of Q1 2015.

Kerrisdale Advisers reported no remaining IBM position as of Q1 2015 after selling out during the quarter.
Kerrisdale Advisers sold 10,067 IBM shares in Q1 2015, an estimated $1.54M.
Kerrisdale Advisers first reported a position in IBM in Q4 2013 and held it in 5 quarters.
Kerrisdale Advisers's IBM position peaked at $7.51M in Q2 2014.
1,723 funds tracked by Wall St. Rank held IBM as of Q1 2015.

Based on Kerrisdale Advisers's 13F filing for Q1 2015, filed 15 May 2015.