Systematic Financial Management’s IPG Photonics IPGP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$15.2M	Buy	132,384 +6,227	+5%	+$676K	0.35%	113
2025 Q4	$9.03M	Sell	126,157 -46	-0%	-$3.75K	0.21%	140
2025 Q3	$9.99M	Buy	126,203 +48	+0%	+$3.75K	0.24%	133
2025 Q2	$8.66M	Sell	126,155 -928	-0.7%	-$57.9K	0.23%	129
2025 Q1	$8.02M	Sell	127,083 -739	-0.6%	-$49.7K	0.23%	131
2024 Q4	$9.3M	Buy	127,822 +3,920	+3%	+$301K	0.24%	130
2024 Q3	$9.21M	Buy	123,902 +9,405	+8%	+$703K	0.23%	138
2024 Q2	$9.66M	Sell	114,497 -2,983	-3%	-$258K	0.29%	127
2024 Q1	$10.7M	Buy	117,480 +7,991	+7%	+$751K	0.3%	121
2023 Q4	$11.9M	Sell	109,489 -2,546	-2%	-$247K	0.35%	116
2023 Q3	$11.4M	Buy	+112,035	New	+$12.6M	0.37%	112