Telluride Asset Management’s Ventas VTR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-10,303	Closed	-$713K	–	336
2014 Q1	$713K	Sell	10,303 -6,397	-38%	-$443K	0.6%	29
2013 Q4	$1.09M	Buy	+16,700	New	+$1.09M	1.29%	14