Sandler Capital Management’s Air Products & Chemicals APD Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q2	–	Sell	-21,810	Closed	-$3.47M	–	113
2018 Q1	$3.47M	Sell	21,810 -12,840	-37%	-$2.12M	0.66%	82
2017 Q4	$5.68M	Buy	+34,650	New	+$5.52M	1.24%	48
2017 Q1	–	Sell	-30,745	Closed	-$4.42M	–	175
2016 Q4	$4.42M	Sell	30,745 -18,651	-38%	-$2.61M	0.55%	98
2016 Q3	$6.87M	Buy	49,396 +13,674	+38%	+$1.9M	1.16%	46
2016 Q2	$4.69M	Buy	35,722 +3,238	+10%	+$431K	0.79%	60
2016 Q1	$4.33M	Buy	+32,484	New	+$3.93M	0.86%	78
2015 Q4	–	Sell	-31,241	Closed	-$3.69M	–	141
2015 Q3	$3.69M	Buy	+31,241	New	+$3.98M	0.75%	74
2014 Q3	–	Sell	-46,699	Closed	-$5.56M	–	184
2014 Q2	$5.56M	Sell	46,699 -60,969	-57%	-$6.8M	0.35%	141
2014 Q1	$11.9M	Sell	107,668 -432	-0.4%	-$45.8K	0.56%	97
2013 Q4	$11.2M	Sell	108,100 -32,430	-23%	-$3.27M	0.49%	104
2013 Q3	$13.9M	Buy	+140,530	New	+$13.4M	0.66%	92