PNM RES INC

Ticker: TXNM CUSIP: 69349H107 Class: EQTY

Convergence Investment Partners, LLC's Holding History (CIK: 0001456133)

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

Q1 2018

Shares 70,314 Value ($000) $2,690 Avg Close $36.63 Range $33.75 - $40.55

Q4 2017

Shares 60,327 Value ($000) $2,440 Avg Close $42.90 Range $39.75 - $46.00

Q3 2017

Shares 93,922 Value ($000) $3,785 Avg Close $40.66 Range $37.23 - $43.05

Q2 2017

Shares 88,218 Value ($000) $3,374 Avg Close $38.05 Range $36.00 - $40.10

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2018	70,314	$2,690	$36.63	$33.75 - $40.55
Q4 2017	60,327	$2,440	$42.90	$39.75 - $46.00
Q3 2017	93,922	$3,785	$40.66	$37.23 - $43.05
Q2 2017	88,218	$3,374	$38.05	$36.00 - $40.10