Loeb Offshore Management’s Pitney Bowes PBI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2013 Q4	–	Sell	-172,780	Closed	-$3.14M	–	211
2013 Q3	$3.14M	Buy	172,780 +105,280	+156%	+$1.92M	0.97%	27
2013 Q2	$991K	Buy	+67,500	New	+$991K	0.51%	55