Vontobel Asset Management’s IBM IBM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2013 Q4	–	Sell	-151,882	Closed	-$26.9M	–	77
2013 Q3	$26.9M	Buy	151,882 +36,950	+32%	+$6.54M	0.37%	42
2013 Q2	$21M	Buy	+114,932	New	+$21M	0.27%	53