Systematic Financial Management’s Philip Morris PM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-65,130	Closed	-$5.73M	–	629
2015 Q4	$5.73M	Sell	65,130 -10,105	-13%	-$888K	0.06%	260
2015 Q3	$5.97M	Sell	75,235 -15,793	-17%	-$1.25M	0.06%	275
2015 Q2	$7.3M	Buy	+91,028	New	+$7.3M	0.06%	288