Cipher Capital’s Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest HT Stock Holding History

Cipher Capital’s Portfolio HT Stock Details HT Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-10,156	Closed	-$183K	–	731
2016 Q3	$183K	Sell	10,156 -51,272	-83%	-$967K	0.01%	622
2016 Q2	$1.05M	Buy	61,428 +17,979	+41%	+$339K	0.07%	406
2016 Q1	$927K	Buy	43,449 +30,905	+246%	+$606K	0.09%	395
2015 Q4	$273K	Buy	+12,544	New	+$297K	0.04%	466
2015 Q3	–	Sell	-9,797	Closed	-$251K	–	640
2015 Q2	$251K	Buy	9,797 +7,064	+258%	+$183K	0.03%	430
2015 Q1	$70K	Buy	+2,733	New	+$73.4K	0.01%	492
2014 Q2	–	Sell	-8,467	Closed	-$197K	–	533
2014 Q1	$197K	Buy	8,467 +3,779	+81%	+$84.3K	0.09%	360
2013 Q4	$104K	Buy	+4,688	New	+$106K	0.07%	295
2013 Q3	–	Sell	-3,397	Closed	-$77K	–	257
2013 Q2	$77K	Buy	+3,397	New	+$79K	0.19%	134

Other funds holding HT

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Jennison Associates New York $145B AUM 34.61% 1-Year Est. Return

Brookfield Corp Toronto, Ontario, Canada $74.2B AUM 0.68% 1-Year Est. Return

VNIM

Vaughan Nelson Investment Management Houston, Texas $11.3B AUM 53% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

REMS

Real Estate Management Services $167M AUM 37.69% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

DGHMC

Dalton, Greiner, Hartman, Maher & Co New York $126M AUM 92.88% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

Cipher Capital's HT Position: Q4 2016 in Review

Cipher Capital sold out of Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest (HT) in Q4 2016, closing a stake of 10,156 shares — an estimated $183K sold.

Cipher Capital first reported a position in HT in Q2 2013 and held it in 9 quarters. The position peaked at $1.05M in Q2 2016. 145 funds tracked by Wall St. Rank hold HT as of Q4 2016.

Cipher Capital reported no remaining Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest position as of Q4 2016 after selling out during the quarter.
Cipher Capital sold 10,156 Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest shares in Q4 2016, an estimated $183K.
Cipher Capital first reported a position in Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest in Q2 2013 and held it in 9 quarters.
Cipher Capital's Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest position peaked at $1.05M in Q2 2016.
145 funds tracked by Wall St. Rank held Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest as of Q4 2016.

Based on Cipher Capital's 13F filing for Q4 2016, filed 8 Feb 2017.