Brigade Capital Management’s Hovnanian Enterprises HOV Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-36,000	Closed	-$3.3M	–	46
2014 Q3	$3.3M	Buy	36,000 +3,760	+12%	+$345K	0.14%	43
2014 Q2	$4.15M	Buy	+32,240	New	+$4.15M	0.15%	43
2013 Q3	–	Sell	-19,624	Closed	-$2.75M	–	41
2013 Q2	$2.75M	Buy	+19,624	New	+$2.75M	0.1%	38