PITNEY BOWES INC

Ticker: PBI CUSIP: 724479100 Class: EQTY

Dorsey Wright & Associates's Holding History (CIK: 0001376772)

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

Q3 2014

Shares 137,711 Value ($000) $3,441 Avg Close $26.74 Range $24.63 - $28.37

Q2 2014

Shares 139,310 Value ($000) $3,757 Avg Close $26.63 Range $24.06 - $28.23

Q1 2014

Shares 142,162 Value ($000) $3,529 Avg Close $24.66 Range $21.01 - $26.63

Q4 2013

Shares 126,464 Value ($000) $2,672 Avg Close $21.51 Range $18.21 - $24.18

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	137,711	$3,441	$26.74	$24.63 - $28.37
Q2 2014	139,310	$3,757	$26.63	$24.06 - $28.23
Q1 2014	142,162	$3,529	$24.66	$21.01 - $26.63
Q4 2013	126,464	$2,672	$21.51	$18.21 - $24.18