New England Research & Management’s Polaris PII Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q3	–	Sell	-5,300	Closed	-$433K	–	179
2016 Q2	$433K	Sell	5,300 -300	-5%	-$24.5K	0.37%	91
2016 Q1	$551K	Hold	5,600	–	–	0.47%	79
2015 Q4	$481K	Buy	5,600 +1,650	+42%	+$142K	0.42%	83
2015 Q3	$473K	Buy	+3,950	New	+$473K	0.45%	81