APPLE INC

Ticker: AAPL CUSIP: 037833100 Class: Common Stock

Covalent Partners LLC's Holding History (CIK: 0001531611)

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

Q2 2014

Shares 114,002 Value ($000) $10,594 Avg Close $18.66 Range $15.96 - $20.88

Q1 2014

Shares 16,886 Value ($000) $9,063 Avg Close $16.58 Range $15.31 - $17.38

Q4 2013

Shares 14,371 Value ($000) $8,062 Avg Close $16.37 Range $14.75 - $17.84

Q3 2013

Shares 15,100 Value ($000) $7,199 Avg Close $14.28 Range $12.29 - $15.84

Q2 2013

Shares 15,100 Value ($000) $5,988 Avg Close $13.16 Range $11.72 - $14.18

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	114,002	$10,594	$18.66	$15.96 - $20.88
Q1 2014	16,886	$9,063	$16.58	$15.31 - $17.38
Q4 2013	14,371	$8,062	$16.37	$14.75 - $17.84
Q3 2013	15,100	$7,199	$14.28	$12.29 - $15.84
Q2 2013	15,100	$5,988	$13.16	$11.72 - $14.18