BlackRock Fund Advisors’s NorthStar Realty Finance Corp. NRF Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	$43.3M	Buy	2,857,213 +761,725	+36%	+$11.1M	0.01%	1771
2016 Q3	$27.6M	Sell	2,095,488 -627,878	-23%	-$8.11M	0.01%	1909
2016 Q2	$31.1M	Buy	2,723,366 +343,226	+14%	+$4.41M	0.01%	1788
2016 Q1	$31.2M	Sell	2,380,140 -292,950	-11%	-$3.59M	0.01%	1731
2015 Q4	$45.5M	Buy	2,673,090 +173,622	+7%	+$3.5M	0.01%	1541
2015 Q3	$61.7M	Buy	2,499,468 +268,869	+12%	+$8M	0.02%	1280
2015 Q2	$70.9M	Buy	2,230,599 +273,333	+14%	+$9.83M	0.02%	1268
2015 Q1	$70.9M	Buy	1,957,266 +207,592	+12%	+$7.69M	0.02%	1255
2014 Q4	$61.5M	Sell	1,749,674 -1,822,512	-51%	-$65M	0.02%	1311
2014 Q3	$126M	Sell	3,572,186 -1,359,133	-28%	-$47.6M	0.04%	664
2014 Q2	$168M	Sell	4,931,319 -2,072,274	-30%	-$65.3M	0.05%	499
2014 Q1	$222M	Buy	7,003,593 +1,114,516	+19%	+$32.8M	0.07%	317
2013 Q4	$156M	Buy	5,889,077 +316,607	+6%	+$6.39M	0.05%	511
2013 Q3	$102M	Buy	5,572,470 +1,398,017	+33%	+$25.5M	0.03%	735
2013 Q2	$74.6M	Buy	+4,174,453	New	+$76.1M	0.03%	876