Princeton Alpha Management’s Rayonier RYN Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-13,704	Closed	-$406K	–	828
2014 Q3	$406K	Buy	+13,704	New	+$406K	0.09%	310
2014 Q2	–	Sell	-19,609	Closed	-$640K	–	827
2014 Q1	$640K	Buy	19,609 +4,635	+31%	+$151K	0.2%	136
2013 Q4	$448K	Buy	+14,974	New	+$448K	0.33%	77