Wall Street Associates’s Sapiens International SPNS Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-396,800	Closed	-$2.94M	–	342
2014 Q3	$2.94M	Sell	396,800 -109,200	-22%	-$808K	0.3%	108
2014 Q2	$4.05M	Buy	506,000 +7,300	+1%	+$58.4K	0.35%	106
2014 Q1	$4.04M	Sell	498,700 -1,300	-0.3%	-$10.5K	0.33%	106
2013 Q4	$3.86M	Buy	+500,000	New	+$3.86M	0.32%	113