Saturna Capital’s Telefonica TEF Stock Holding History

Saturna Capital’s Portfolio TEF Stock Details TEF Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q3	–	Sell	-173,060	Closed	-$1.27M	–	167
2016 Q2	$1.27M	Hold	173,060	–	–	0.04%	98
2016 Q1	$1.5M	Hold	173,060	–	–	0.05%	100
2015 Q4	$1.49M	Sell	173,060 -1	-0%	-$9	0.05%	112
2015 Q3	$1.57M	Hold	173,061	–	–	0.05%	109
2015 Q2	$1.85M	Hold	173,061	–	–	0.05%	109
2015 Q1	$1.87M	Sell	173,061 -62,932	-27%	-$692K	0.05%	107
2014 Q4	$2.53M	Sell	235,993 -2	-0%	-$22	0.07%	108
2014 Q3	$2.66M	Sell	235,995 -5,236	-2%	-$61.5K	0.07%	112
2014 Q2	$3.04M	Hold	241,231	–	–	0.08%	111
2014 Q1	$2.79M	Sell	241,231 -62,942	-21%	-$724K	0.07%	114
2013 Q4	$3.65M	Hold	304,173	–	–	0.09%	114
2013 Q3	$3.46M	Sell	304,173 -1,632	-0.5%	-$16.9K	0.09%	119
2013 Q2	$2.87M	Buy	+305,805	New	+$3.11M	0.08%	128

Other funds holding TEF

Loomis, Sayles & Company Boston, Massachusetts $74.3B AUM 24.01% 1-Year Est. Return

Franklin Resources San Mateo, California $408B AUM 30.18% 1-Year Est. Return

Macquarie Group Sydney, NSW 2000, Australia $16.8B AUM 27.39% 1-Year Est. Return

MIP

Mondrian Investment Partners London, United Kingdom $6.69B AUM

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Gabelli Funds Rye, New York $14.8B AUM 32.24% 1-Year Est. Return

MNA

Manning & Napier Advisors Fairport, New York $7.09B AUM 17.35% 1-Year Est. Return

PPA

Parametric Portfolio Associates Seattle, Washington $190B AUM 18.52% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Saturna Capital's TEF Position: Q3 2016 in Review

Saturna Capital sold out of Telefonica (TEF) in Q3 2016, closing a stake of 173,060 shares — an estimated $1.27M sold.

Saturna Capital first reported a position in TEF in Q2 2013 and held it in 13 quarters. The position peaked at $3.65M in Q4 2013. 188 funds tracked by Wall St. Rank hold TEF as of Q3 2016.

Saturna Capital reported no remaining Telefonica position as of Q3 2016 after selling out during the quarter.
Saturna Capital sold 173,060 Telefonica shares in Q3 2016, an estimated $1.27M.
Saturna Capital first reported a position in Telefonica in Q2 2013 and held it in 13 quarters.
Saturna Capital's Telefonica position peaked at $3.65M in Q4 2013.
188 funds tracked by Wall St. Rank held Telefonica as of Q3 2016.

Based on Saturna Capital's 13F filing for Q3 2016, filed 14 Nov 2016.