Siemens AG

Ticker: SMAWF CUSIP: D69671218 Class: Common Stock

ADVISORY RESEARCH INC's Holding History (CIK: 0000902584)

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

Q4 2017

Shares 30,754 Value ($000) $4,287 Avg Close $108.94 Range $104.53 - $114.88

Q3 2017

Shares 2,302 Value ($000) $325 Avg Close $106.53 Range $101.31 - $110.98

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2017	30,754	$4,287	$108.94	$104.53 - $114.88
Q3 2017	2,302	$325	$106.53	$101.31 - $110.98