ALLIANCE DATA SYSTEMS CORP

Ticker: BFH CUSIP: 018581108 Class: Common Stock

MARVIN & PALMER ASSOCIATES INC's Holding History (CIK: 0000860645)

Note: Option positions (PUT/CALL) are excluded.

Q4 2014

Shares 2,732 Value ($000) $781 Avg Close $189.01 Range $158.91 - $201.93

Q3 2014

Shares 2,952 Value ($000) $733 Avg Close $181.41 Range $165.31 - $198.97

Q2 2014

Shares 3,810 Value ($000) $1,072 Avg Close $175.84 Range $159.08 - $196.03

Q1 2014

Shares 3,760 Value ($000) $1,024 Avg Close $185.53 Range $158.90 - $207.12

Q4 2013

Shares 9,500 Value ($000) $2,498 Avg Close $164.88 Range $144.55 - $182.18

Q3 2013

Shares 5,700 Value ($000) $1,205 Avg Close $136.89 Range $118.07 - $151.66

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	2,732	$781	$189.01	$158.91 - $201.93
Q3 2014	2,952	$733	$181.41	$165.31 - $198.97
Q2 2014	3,810	$1,072	$175.84	$159.08 - $196.03
Q1 2014	3,760	$1,024	$185.53	$158.90 - $207.12
Q4 2013	9,500	$2,498	$164.88	$144.55 - $182.18
Q3 2013	5,700	$1,205	$136.89	$118.07 - $151.66