Blue Arrow Capital Management’s SBA Communications SBAC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-74,198	Closed	-$8.23M	–	217
2014 Q3	$8.23M	Sell	74,198 -8,681	-10%	-$963K	0.89%	26
2014 Q2	$8.48M	Buy	82,879 +23,178	+39%	+$2.37M	1.13%	26
2014 Q1	$5.43M	Buy	+59,701	New	+$5.43M	0.83%	42