Loudon Investment Management’s Pembina Pipeline PBA Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-6,450	Closed	-$272K	–	79
2014 Q3	$272K	Sell	6,450 -2,700	-30%	-$114K	0.19%	74
2014 Q2	$393K	Sell	9,150 -800	-8%	-$34.4K	0.27%	65
2014 Q1	$379K	Sell	9,950 -600	-6%	-$22.9K	0.27%	68
2013 Q4	$372K	Buy	+10,550	New	+$372K	0.27%	64