Meru Capital Group’s IPG Photonics IPGP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-7,000	Closed	-$481K	–	65
2014 Q3	$481K	Hold	7,000	–	–	0.17%	51
2014 Q2	$482K	Buy	+7,000	New	+$482K	0.14%	37