Siphron Capital Management’s IBM IBM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2013 Q4	–	Sell	-732	Closed	-$130K	–	77
2013 Q3	$130K	Sell	732 -11,820	-94%	-$2.1M	0.12%	53
2013 Q2	$2.29M	Buy	+12,552	New	+$2.29M	2.2%	28