Act II Management’s Cumulus Media Inc. Class A Common Stock CMLS Stock Holding History

Act II Management’s Portfolio CMLS Stock Details CMLS Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-95,230	Closed	-$3.07M	–	30
2014 Q3	$3.07M	Buy	+95,230	New	+$3.77M	1.45%	21
2014 Q2	–	Sell	-282,599	Closed	-$15.6M	–	38
2014 Q1	$15.6M	Buy	282,599 +80,560	+40%	+$4.41M	3.65%	8
2013 Q4	$12.5M	Buy	202,039 +71,587	+55%	+$3.67M	3.1%	14
2013 Q3	$5.52M	Buy	+130,452	New	+$4.76M	1.4%	29

Other funds holding CMLS

CPI

Crestview Partners II New York $341M AUM 17.29% 1-Year Est. Return

CCA

Canyon Capital Advisors Dallas, Texas $772M AUM 32.81% 1-Year Est. Return

Neuberger Berman Group New York $131B AUM 28.36% 1-Year Est. Return

THLTP

Thomas H. Lee (THL) Partners Boston, Massachusetts $205M AUM 1.84% 1-Year Est. Return

BAM

Burgundy Asset Management Toronto, Ontario, Canada $10.6B AUM 13.39% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

RPM

Ridgemont Partners Management Charlotte, North Carolina $49.7M AUM 26.51% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

State of New Jersey Common Pension Fund D Trenton, New Jersey $25.9B AUM 26.38% 1-Year Est. Return

American Century Companies Kansas City, Missouri $194B AUM 35% 1-Year Est. Return

Act II Management's CMLS Position: Q4 2014 in Review

Act II Management sold out of Cumulus Media Inc. Class A Common Stock (CMLS) in Q4 2014, closing a stake of 95,230 shares — an estimated $3.07M sold.

Act II Management first reported a position in CMLS in Q3 2013 and held it in 4 quarters. The position peaked at $15.6M in Q1 2014. 135 funds tracked by Wall St. Rank hold CMLS as of Q4 2014.

Act II Management reported no remaining Cumulus Media Inc. Class A Common Stock position as of Q4 2014 after selling out during the quarter.
Act II Management sold 95,230 Cumulus Media Inc. Class A Common Stock shares in Q4 2014, an estimated $3.07M.
Act II Management first reported a position in Cumulus Media Inc. Class A Common Stock in Q3 2013 and held it in 4 quarters.
Act II Management's Cumulus Media Inc. Class A Common Stock position peaked at $15.6M in Q1 2014.
135 funds tracked by Wall St. Rank held Cumulus Media Inc. Class A Common Stock as of Q4 2014.

Based on Act II Management's 13F filing for Q4 2014, filed 13 Feb 2015.