Sands Capital Management’s CONCUR TECHNOLOGIES INC CNQR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-47,800	Closed	-$4.93M	–	48
2013 Q4	$4.93M	Sell	47,800 -83,540	-64%	-$8.62M	0.01%	39
2013 Q3	$14.5M	Sell	131,340 -83,920	-39%	-$9.27M	0.04%	34
2013 Q2	$17.5M	Buy	+215,260	New	+$17.5M	0.06%	32