Messner & Smith Theme Value Investment Management’s Illumina ILMN Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-15,821	Closed	-$2.8M	–	89
2016 Q3	$2.8M	Sell	15,821 -773	-5%	-$124K	4.49%	2
2016 Q2	$2.27M	Buy	16,594 +340	+2%	+$48.3K	4.18%	5
2016 Q1	$2M	Sell	16,254 -1,248	-7%	-$191K	3.94%	5
2015 Q4	$3.27M	Sell	17,502 -191	-1%	-$30.8K	5.23%	2
2015 Q3	$3.03M	Sell	17,693 -89	-0.5%	-$18K	5.98%	2
2015 Q2	$3.78M	Buy	17,782 +4,366	+33%	+$853K	5.19%	3
2015 Q1	$2.42M	Buy	13,416 +3,091	+30%	+$582K	3.45%	9
2014 Q4	$1.85M	Sell	10,325 -124	-1%	-$21.9K	3.15%	12
2014 Q3	$1.67M	Sell	10,449 -145	-1%	-$24.2K	2.91%	11
2014 Q2	$1.84M	Sell	10,594 -5,923	-36%	-$884K	2.91%	13
2014 Q1	$2.39M	Buy	16,517 +4,947	+43%	+$727K	3.6%	7
2013 Q4	$1.25M	Sell	11,570 -15,285	-57%	-$1.4M	2.72%	10
2013 Q3	$2.11M	Sell	26,855 -3,290	-11%	-$252K	4.99%	2
2013 Q2	$2.19M	Buy	+30,145	New	+$1.93M	5.08%	2