Wellcome Trust’s IBM IBM Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-400,000	Closed	-$55M	–	26
2015 Q4	$55M	Sell	400,000 -700,000	-64%	-$96.3M	1.1%	22
2015 Q3	$159M	Hold	1,100,000	–	–	3.53%	17
2015 Q2	$179M	Buy	1,100,000 +91,500	+9%	+$14.9M	3.62%	15
2015 Q1	$162M	Hold	1,008,500	–	–	3.47%	18
2014 Q4	$162M	Buy	1,008,500 +28,500	+3%	+$4.57M	3.34%	17
2014 Q3	$186M	Buy	980,000 +80,000	+9%	+$15.2M	3.86%	12
2014 Q2	$163M	Hold	900,000	–	–	3.93%	14
2014 Q1	$173M	Hold	900,000	–	–	4.26%	10
2013 Q4	$169M	Buy	900,000 +50,000	+6%	+$9.38M	4.47%	11
2013 Q3	$157M	Hold	850,000	–	–	5.18%	10
2013 Q2	$162M	Buy	+850,000	New	+$162M	5.75%	8