Trellus Management Company’s International Paper IP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-4,814	Closed	-$220K	–	122
2013 Q4	$220K	Sell	4,814 -5,894	-55%	-$269K	0.27%	77
2013 Q3	$448K	Sell	10,708 -7,956	-43%	-$333K	0.57%	59
2013 Q2	$772K	Buy	+18,664	New	+$772K	0.98%	30