Nicholas Investment Partners’s IPG Photonics IPGP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-80,400	Closed	-$6.85M	–	308
2015 Q2	$6.85M	Buy	80,400 +28,315	+54%	+$2.41M	0.44%	61
2015 Q1	$4.83M	Buy	52,085 +12,490	+32%	+$1.16M	0.3%	138
2014 Q4	$2.97M	Buy	+39,595	New	+$2.97M	0.19%	205