Sasco Capital’s Pitney Bowes PBI Stock Holding History

Sasco Capital’s Portfolio PBI Stock Details PBI Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q3	–	Sell	-25,000	Closed	-$691K	–	56
2014 Q2	$691K	Hold	25,000	–	–	0.01%	47
2014 Q1	$650K	Hold	25,000	–	–	0.01%	47
2013 Q4	$583K	Hold	25,000	–	–	0.01%	47
2013 Q3	$455K	Hold	25,000	–	–	0.01%	48
2013 Q2	$367K	Buy	+25,000	New	+$369K	0.01%	47

Other funds holding PBI

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

IAM

Iridian Asset Management Westport, Connecticut $247M AUM 20.65% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

AAM

Alken Asset Management London, United Kingdom $89.6M AUM 3.28% 1-Year Est. Return

D.E. Shaw & Co New York $166B AUM 43.98% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

Neuberger Berman Group New York $131B AUM 28.36% 1-Year Est. Return

First Eagle Investment Management New York $59B AUM 32.99% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

Sasco Capital's PBI Position: Q3 2014 in Review

Sasco Capital sold out of Pitney Bowes (PBI) in Q3 2014, closing a stake of 25,000 shares — an estimated $691K sold.

Sasco Capital first reported a position in PBI in Q2 2013 and held it in 5 quarters. The position peaked at $691K in Q2 2014. 371 funds tracked by Wall St. Rank hold PBI as of Q3 2014.

Sasco Capital reported no remaining Pitney Bowes position as of Q3 2014 after selling out during the quarter.
Sasco Capital sold 25,000 Pitney Bowes shares in Q3 2014, an estimated $691K.
Sasco Capital first reported a position in Pitney Bowes in Q2 2013 and held it in 5 quarters.
Sasco Capital's Pitney Bowes position peaked at $691K in Q2 2014.
371 funds tracked by Wall St. Rank held Pitney Bowes as of Q3 2014.

Based on Sasco Capital's 13F filing for Q3 2014, filed 5 Nov 2014.