INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

Global Endowment Management, LP's Holding History (CIK: 0001512237)

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

Q2 2015
Shares 1,740 Value ($000) $283 Avg Close $102.99 Range $96.57 - $107.49
Q1 2015
Shares 1,740 Value ($000) $279 Avg Close $96.47 Range $90.53 - $100.82
Q4 2014
Shares 1,740 Value ($000) $279 Avg Close $100.47 Range $91.12 - $114.79
Q3 2014
Shares 1,740 Value ($000) $330 Avg Close $114.33 Range $108.62 - $117.41
Q2 2014
Shares 1,740 Value ($000) $315 Avg Close $112.28 Range $107.17 - $118.40
Q1 2014
Shares 1,740 Value ($000) $335 Avg Close $109.22 Range $101.79 - $116.27
Q4 2013
Shares 1,740 Value ($000) $326 Avg Close $106.40 Range $101.46 - $111.01