Kestrel Investment Management’s Valhi VHI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2013 Q3	–	Sell	-7,867	Closed	-$1.3M	–	55
2013 Q2	$1.3M	Buy	+7,867	New	+$1.3M	0.14%	51