Van Den Berg Management I’s Paychex PAYX Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2013 Q4	–	Sell	-400,343	Closed	-$16.3M	–	117
2013 Q3	$16.3M	Sell	400,343 -5,590	-1%	-$227K	1.32%	35
2013 Q2	$14.8M	Buy	+405,933	New	+$14.8M	1.26%	35