Palladium Partners’s Telefonica TEF Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-1,363	Closed	-$16K	–	443
2014 Q1	$16K	Buy	+1,363	New	+$16K	﹤0.01%	446
2013 Q4	–	Sell	-13,390	Closed	-$152K	–	449
2013 Q3	$152K	Hold	13,390	–	–	0.02%	260
2013 Q2	$126K	Buy	+13,390	New	+$126K	0.01%	274