Telluride Asset Management’s Paychex PAYX Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-10,256	Closed	-$437K	–	315
2014 Q1	$437K	Buy	+10,256	New	+$437K	0.37%	96