Capital Growth Management’s Grand Canyon Education LOPE Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2017 Q3	–	Sell	-37,000	Closed	-$2.9M	–	65
2017 Q2	$2.9M	Sell	37,000 -128,000	-78%	-$10M	0.13%	47
2017 Q1	$11.8M	Sell	165,000 -20,000	-11%	-$1.43M	0.52%	34
2016 Q4	$10.8M	Buy	+185,000	New	+$10.8M	0.48%	38