DILLARDS INC

Ticker: DDS CUSIP: 254067101 Class: Common Stock

Baker Avenue Asset Management, LP's Holding History (CIK: 0001432529)

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

Q1 2015

Shares 28,980 Value ($000) $3,956 Avg Close $92.68 Range $82.88 - $102.83

Q4 2014

Shares 3,000 Value ($000) $376 Avg Close $82.76 Range $74.26 - $94.23

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	28,980	$3,956	$92.68	$82.88 - $102.83
Q4 2014	3,000	$376	$82.76	$74.26 - $94.23