Vision Capital Management’s IBM IBM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-3,222	Closed	-$578K	–	73
2013 Q4	$578K	Hold	3,222	–	–	0.07%	45
2013 Q3	$570K	Sell	3,222 -76,085	-96%	-$13.5M	0.07%	45
2013 Q2	$14.5M	Buy	+79,307	New	+$14.5M	2.32%	32