Saturna Capital’s Tenaris TS Stock Holding History

Saturna Capital’s Portfolio TS Stock Details TS Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q2	–	Sell	-80,000	Closed	-$2.24M	–	356
2015 Q1	$2.24M	Sell	80,000 -52,000	-39%	-$1.48M	0.06%	103
2014 Q4	$3.99M	Hold	132,000	–	–	0.1%	99
2014 Q3	$6.01M	Hold	132,000	–	–	0.16%	96
2014 Q2	$6.22M	Hold	132,000	–	–	0.16%	99
2014 Q1	$5.84M	Hold	132,000	–	–	0.15%	101
2013 Q4	$5.77M	Hold	132,000	–	–	0.15%	105
2013 Q3	$6.17M	Hold	132,000	–	–	0.16%	109
2013 Q2	$5.32M	Buy	+132,000	New	+$5.51M	0.15%	114

Other funds holding TS

AAM

Aberdeen Asset Management Aberdeen, United Kingdom $30B AUM 22.46% 1-Year Est. Return

OppenheimerFunds New York $80.4B AUM 15.1% 1-Year Est. Return

WHV Investments San Francisco, California $187M AUM 14.29% 1-Year Est. Return

WGI

Westwood Global Investments Boston, Massachusetts $2.68B AUM 76.4% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

Harding Loevner Bridgewater, New Jersey $9.72B AUM 22.38% 1-Year Est. Return

Mackenzie Financial Toronto Ontario, Ontario, Canada $83.3B AUM 31.19% 1-Year Est. Return

VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return

WHG

Westwood Holdings Group Dallas, Texas $13.7B AUM 21.48% 1-Year Est. Return

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

Saturna Capital's TS Position: Q2 2015 in Review

Saturna Capital sold out of Tenaris (TS) in Q2 2015, closing a stake of 80,000 shares — an estimated $2.24M sold.

Saturna Capital first reported a position in TS in Q2 2013 and held it in 8 quarters. The position peaked at $6.22M in Q2 2014. 137 funds tracked by Wall St. Rank hold TS as of Q2 2015.

Saturna Capital reported no remaining Tenaris position as of Q2 2015 after selling out during the quarter.
Saturna Capital sold 80,000 Tenaris shares in Q2 2015, an estimated $2.24M.
Saturna Capital first reported a position in Tenaris in Q2 2013 and held it in 8 quarters.
Saturna Capital's Tenaris position peaked at $6.22M in Q2 2014.
137 funds tracked by Wall St. Rank held Tenaris as of Q2 2015.

Based on Saturna Capital's 13F filing for Q2 2015, filed 13 Aug 2015.