Fred Martin - Disciplined Growth Investors 13F Activity & Position Changes (Q3 2016)

According to the SEC 13F filed on Aug 14, 2026, the Disciplined Growth Investors portfolio showed several notable changes in holdings as of quarter-end Sep 30, 2016. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q3 2016, the filing reported:

New Buys - Kornit Digital, Nestle REG

Increases - Akamai Technologies, Inc., Cognex Corporation, Dolby Laboratories, Ethan Allen Interiors Inc., Microchip Technology Incorporat, and 2 more

Reductions - Apple Inc., Autodesk, Inc., Align Technology, Inc., The Cheesecake Factory Incorpor, CEVA, Inc., and 37 more

Complete Exits - None reported

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q3 2016	AAPL Apple Inc.	Apple Inc.	Sell	-3,664	-40.8%	$601.00	5,315
Q3 2016	ADSK Autodesk, Inc.	Autodesk, Inc.	Sell	-24,025	-1.3%	$134.90K	1,865,035
Q3 2016	AKAM Akamai Technologies, Inc.	Akamai Technologies, Inc.	Buy	+3,475	+0.2%	$88.39K	1,668,033
Q3 2016	ALGN Align Technology, Inc.	Align Technology, Inc.	Sell	-17,610	-1.6%	$103.27K	1,101,531
Q3 2016	CAKE The Cheesecake Factory Incorpor	The Cheesecake Factory Incorpor	Sell	-32,125	-3.1%	$50.12K	1,001,275
Q3 2016	CEVA CEVA, Inc.	CEVA, Inc.	Sell	-11,650	-1.9%	$20.95K	597,346
Q3 2016	CGNX Cognex Corporation	Cognex Corporation	Buy	+60,575	+7.3%	$47.22K	893,250
Q3 2016	CSGP CoStar Group, Inc.	CoStar Group, Inc.	Sell	-535	-1.3%	$8.54K	39,434
Q3 2016	DLB Dolby Laboratories	Dolby Laboratories	Buy	+1,200	+0.2%	$40.29K	742,070
Q3 2016	ETD Ethan Allen Interiors Inc.	Ethan Allen Interiors Inc.	Buy	+1,250	+0.1%	$70.21K	2,245,413
Q3 2016	EW Edwards Lifesciences Corporatio	Edwards Lifesciences Corporatio	Sell	-49,530	-2.1%	$275.37K	2,284,079
Q3 2016	FDS FactSet Research Systems Inc.	FactSet Research Systems Inc.	Sell	-4,405	-0.7%	$102.71K	633,638
Q3 2016	GEOS Geospace Technologies Corporati	Geospace Technologies Corporati	Sell	-7,350	-1.5%	$9.15K	469,725
Q3 2016	GGG Graco Inc.	Graco Inc.	Sell	-1,575	-0.3%	$35.47K	479,289
Q3 2016	GNTX Gentex Corporation	Gentex Corporation	Sell	-72,275	-1.6%	$76.89K	4,378,853
Q3 2016	GRMN Garmin	Garmin	Sell	-11,900	-0.7%	$79.41K	1,650,559
Q3 2016	INTU Intuit Inc.	Intuit Inc.	Sell	-39,535	-2.6%	$165.56K	1,504,994
Q3 2016	IRBT iRobot Corporation	iRobot Corporation	Sell	-6,325	-1.7%	$15.63K	355,425
Q3 2016	ISRG Intuitive Surgical, Inc.	Intuitive Surgical, Inc.	Sell	-1,237	-0.8%	$113.94K	157,195
Q3 2016	JBLU JetBlue Airways Corporation	JetBlue Airways Corporation	Sell	-50,100	-1.2%	$69.56K	4,034,691
Q3 2016	KRNT Kornit Digital	Kornit Digital	Buy - Position Entry	+17,000	-	$159.00	17,000
Q3 2016	LLFLQ LL Flooring Holdings, Inc.	LL Flooring Holdings, Inc.	Sell	-5,450	-2.2%	$4.74K	240,711
Q3 2016	LSTR Landstar System, Inc.	Landstar System, Inc.	Sell	-1,400	-0.1%	$65.93K	968,399
Q3 2016	MCHP Microchip Technology Incorporat	Microchip Technology Incorporat	Buy	+2,975	+0.3%	$60.15K	967,969
Q3 2016	MDXG MiMedx Group, Inc	MiMedx Group, Inc	Sell	-10,475	-1.5%	$5.82K	677,825
Q3 2016	MIDD The Middleby Corporation	The Middleby Corporation	Sell	-27,565	-1.6%	$206.60K	1,671,258
Q3 2016	MRCY Mercury Systems Inc	Mercury Systems Inc	Sell	-4,775	-2.2%	$5.33K	217,100
Q3 2016	MTLS Materialise NV	Materialise NV	Sell	-11,675	-1.6%	$5.37K	697,890
Q3 2016	MYGN Myriad Genetics, Inc.	Myriad Genetics, Inc.	Sell	-4,825	-0.4%	$27.83K	1,352,357
Q3 2016	NSRGF Nestle REG	Nestle REG	Buy - Position Entry	+2,700	-	$213.00	2,700

Page 1 of 2