Marketfield Asset Management’s Rayonier RYN Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2013 Q4	–	Sell	-3,512,731	Closed	-$139M	–	57
2013 Q3	$139M	Buy	3,512,731 +662,366	+23%	+$26.3M	1.73%	38
2013 Q2	$112M	Buy	+2,850,365	New	+$112M	1.88%	30