BTG Pactual Global Asset 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	-10,000	Closed	-$1.11M	–	218
2014 Q3	$1.11M	Sell	10,000 -100,000	-91%	-$11.1M	0.13%	106
2014 Q2	$11.3M	Buy	110,000 +17,480	+19%	+$1.79M	1.58%	9
2014 Q1	$8.42M	Sell	92,520 -130,980	-59%	-$11.9M	1.87%	11
2013 Q4	$20.1M	Buy	+223,500	New	+$20.1M	5.27%	4