Schafer Cullen Capital Management’s iShares Biotechnology ETF IBB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2013 Q4	–	Sell	-8,796	Closed	-$615K	–	349
2013 Q3	$615K	Sell	8,796 -6,600	-43%	-$461K	0.01%	252
2013 Q2	$892K	Buy	+15,396	New	+$892K	0.01%	221