Systematic Financial Management’s Penske Automotive Group PAG Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-446,170	Closed	-$21M	–	719
2013 Q4	$21M	Sell	446,170 -69,505	-13%	-$3.28M	0.15%	157
2013 Q3	$22M	Buy	+515,675	New	+$22M	0.17%	139