IPG PHOTONICS CORP

Ticker: IPGP CUSIP: 44980X109 Class: Common Stock

Cavalier Investments, LLC's Holding History (CIK: 0001655543)

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

Q2 2018

Shares 10,800 Value ($000) $2,382 Avg Close $236.00 Range $208.72 - $261.77

Q1 2018

Shares 10,800 Value ($000) $2,521 Avg Close $246.76 Range $213.58 - $264.11

Q4 2017

Shares 10,800 Value ($000) $2,313 Avg Close $212.25 Range $185.00 - $248.23

Q3 2017

Shares 5,500 Value ($000) $1,018 Avg Close $166.10 Range $144.71 - $187.98

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2018	10,800	$2,382	$236.00	$208.72 - $261.77
Q1 2018	10,800	$2,521	$246.76	$213.58 - $264.11
Q4 2017	10,800	$2,313	$212.25	$185.00 - $248.23
Q3 2017	5,500	$1,018	$166.10	$144.71 - $187.98