SHAPIRO ROBERT N Information

ROPES & GRAY LLP, BOSTON, Massachusetts, 02199-3600,

Report Date: 12/31/2014

Position Statistics

Total Positions 930
New Positions 69
Increased Positions 270
Decreased Positions 400
Positions with Activity 670
Sold Out Positions 46
Total Mkt Value (in $ millions) 511

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 3.74%
Capital Goods 4.81%
Conglomerates 0.33%
Consumer Cyclical 1.03%
Consumer/Non-Cyclical 7.4%
Energy 8.69%
Financial 29.39%
Healthcare 12.61%
Services 11.53%
Technology 14.38%
Transportation 2.39%
Utilities 2.54%

400 DECREASED Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
ISHARES TR MSCI EAFE ETF 13,712 -635 (4.43) 205,758
VANGUARD WHITEHALL FDS INC HIGH DIV YLD 12,105 -3,065 (20.21) 173,620
GENERAL ELECTRIC CO COM 11,732 -441 (3.62) 430,204
MICROSOFT CORP COM 9,722 -413 (4.07) 207,474
INTERNATIONAL BUSINESS MACHS COM 9,068 -296 (3.16) 53,450
APPLE INC COM 8,627 -1,092 (11.24) 66,220
JOHNSON & JOHNSON COM 7,994 -372 (4.45) 79,826
PFIZER INC COM 7,842 -426 (5.15) 225,677
JPMORGAN CHASE & CO COM 7,772 -916 (10.55) 118,155
PROCTER & GAMBLE CO COM 7,762 -382 (4.69) 99,012
BRISTOL MYERS SQUIBB CO COM 7,007 -563 (7.43) 108,475
IRONWOOD PHARMACEUTICALS INC COM CL A 6,570 -287 (4.18) 465,644
3M CO COM 6,518 -875 (11.83) 40,975
BERKSHIRE HATHAWAY INC DEL CL B NEW 6,436 -86 (1.32) 45,007
SCHLUMBERGER LTD COM 6,348 -833 (11.6) 69,935
GENERAL MLS INC COM 5,940 -22 (0.38) 105,789
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 5,508 -3,975 (41.92) 133,212
CANADIAN NATL RY CO COM 5,243 -58 (1.09) 88,320
CHEVRON CORP NEW COM 5,061 -75 (1.45) 49,138
DISNEY WALT CO COM DISNEY 5,029 -872 (14.79) 45,561