Marathon Asset Management (UK)’s IPG Photonics IPGP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2020 Q1	–	Sell	-120,275	Closed	-$17.4M	–	107
2019 Q4	$17.4M	Sell	120,275 -8,923	-7%	-$1.24M	0.23%	95
2019 Q3	$17.5M	Sell	129,198 -2,699	-2%	-$357K	0.23%	95
2019 Q2	$20.3M	Sell	131,897 -2,691	-2%	-$407K	0.26%	92
2019 Q1	$20.4M	Sell	134,588 -6,904	-5%	-$977K	0.27%	87
2018 Q4	$16M	Sell	141,492 -82,380	-37%	-$11M	0.24%	97
2018 Q3	$34.9M	Sell	223,872 -2,951	-1%	-$548K	0.44%	77
2018 Q2	$50M	Buy	226,823 +174	+0.1%	+$41.1K	0.75%	51
2018 Q1	$52.9M	Buy	226,649 +3,934	+2%	+$971K	0.82%	48
2017 Q4	$47.7M	Sell	222,715 -24,386	-10%	-$5.18M	0.73%	52
2017 Q3	$45.7M	Buy	247,101 +27,633	+13%	+$4.59M	0.75%	51
2017 Q2	$31.8M	Sell	219,468 -2,731	-1%	-$367K	0.55%	64
2017 Q1	$26.8M	Sell	222,199 -7,662	-3%	-$867K	0.59%	61
2016 Q4	$22.7M	Buy	229,861 +36,967	+19%	+$3.45M	0.49%	68
2016 Q3	$15.9M	Buy	+192,894	New	+$16.1M	0.34%	76