Matterhorn Capital Management’s Cullen/Frost Bankers CFR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q2	–	Sell	-60,880	Closed	-$3.35M	–	60
2016 Q1	$3.35M	Sell	60,880 -24,303	-29%	-$1.26M	2.18%	20
2015 Q4	$5.11M	Buy	85,183 +10,355	+14%	+$687K	2.34%	18
2015 Q3	$4.76M	Buy	74,828 +1,381	+2%	+$94.1K	2.29%	17
2015 Q2	$5.77M	Sell	73,447 -761	-1%	-$56.2K	2.46%	10
2015 Q1	$5.13M	Buy	74,208 +346	+0.5%	+$23.2K	2.29%	15
2014 Q4	$5.22M	Buy	73,862 +1,087	+1%	+$82K	2.45%	16
2014 Q3	$5.57M	Buy	72,775 +1,071	+1%	+$84K	2.49%	11
2014 Q2	$5.7M	Buy	71,704 +1,522	+2%	+$117K	2.53%	11
2014 Q1	$5.36M	Sell	70,182 -838	-1%	-$62.6K	2.48%	8
2013 Q4	$5.29M	Buy	71,020 +190	+0.3%	+$13.6K	2.43%	11
2013 Q3	$5M	Buy	70,830 +85	+0.1%	+$6.05K	2.5%	6
2013 Q2	$4.72M	Buy	+70,745	New	+$4.46M	2.61%	10