Rail-Splitter Capital Management’s Merck MRK Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-191,466	Closed	-$10.8M	–	39
2014 Q3	$10.8M	Buy	191,466 +50,720	+36%	+$2.87M	3.56%	6
2014 Q2	$7.77M	Sell	140,746 -9,432	-6%	-$521K	2.62%	22
2014 Q1	$8.14M	Buy	+150,178	New	+$8.14M	2.69%	18