IPG PHOTONICS CORP

Ticker: IPGP CUSIP: 44980X109 Class: Common Stock

Nicholas Investment Partners, LP's Holding History (CIK: 0001389574)

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

Q2 2015

Shares 80,400 Value ($000) $6,848 Avg Close $94.02 Range $81.88 - $102.49

Q1 2015

Shares 52,085 Value ($000) $4,828 Avg Close $86.33 Range $69.86 - $101.69

Q4 2014

Shares 39,595 Value ($000) $2,966 Avg Close $71.14 Range $60.75 - $77.99

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	80,400	$6,848	$94.02	$81.88 - $102.49
Q1 2015	52,085	$4,828	$86.33	$69.86 - $101.69
Q4 2014	39,595	$2,966	$71.14	$60.75 - $77.99