Merchants' Gate Capital’s Air Products & Chemicals APD Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-432,129	Closed	-$52M	–	1
2014 Q3	$52M	Buy	432,129 +241,403	+127%	+$29.1M	4.1%	8
2014 Q2	$22.7M	Buy	+190,726	New	+$22.7M	1.65%	15