Smith Group Asset Management’s TAL Education Group TAL Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-47,172	Closed	-$275K	–	442
2014 Q3	$275K	Sell	47,172 -22,374	-32%	-$130K	0.01%	207
2014 Q2	$319K	Hold	69,546	–	–	0.01%	200
2014 Q1	$261K	Sell	69,546 -6,636	-9%	-$24.9K	0.01%	207
2013 Q4	$279K	Buy	+76,182	New	+$279K	0.01%	196