Covalent Partners’s STRATEGIC HOTELS & RESORTS, INC BEE Stock Holding History

Covalent Partners’s Portfolio BEE Stock Details BEE Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-1,348,271	Closed	-$15.7M	–	38
2014 Q3	$15.7M	Sell	1,348,271 -205,000	-13%	-$2.41M	3.77%	10
2014 Q2	$18.2M	Sell	1,553,271 -457,566	-23%	-$4.94M	4.64%	9
2014 Q1	$20.5M	Sell	2,010,837 -18,000	-0.9%	-$175K	6.02%	7
2013 Q4	$19.2M	Buy	2,028,837 +445,000	+28%	+$3.94M	6.36%	4
2013 Q3	$13.7M	Buy	1,583,837 +518,000	+49%	+$4.51M	4.78%	8
2013 Q2	$9.44M	Buy	+1,065,837	New	+$8.77M	3.3%	12

Other funds holding BEE

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

Cohen & Steers New York $57.6B AUM 8.03% 1-Year Est. Return

CIMLRA

CBRE Investment Management Listed Real Assets Radnor, Pennsylvania $6.75B AUM 8.88% 1-Year Est. Return

Daiwa Securities Group Tokyo, Japan $34.8B AUM 20.7% 1-Year Est. Return

BIT

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

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

BFA

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

Principal Financial Group Des Moines, Iowa $187B AUM 18.48% 1-Year Est. Return

Bank of New York Mellon New York $544B AUM 28.31% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Covalent Partners's BEE Position: Q4 2014 in Review

Covalent Partners sold out of STRATEGIC HOTELS & RESORTS, INC (BEE) in Q4 2014, closing a stake of 1,348,271 shares — an estimated $15.7M sold.

Covalent Partners first reported a position in BEE in Q2 2013 and held it in 6 quarters. The position peaked at $20.5M in Q1 2014. 208 funds tracked by Wall St. Rank hold BEE as of Q4 2014.

Covalent Partners reported no remaining STRATEGIC HOTELS & RESORTS, INC position as of Q4 2014 after selling out during the quarter.
Covalent Partners sold 1,348,271 STRATEGIC HOTELS & RESORTS, INC shares in Q4 2014, an estimated $15.7M.
Covalent Partners first reported a position in STRATEGIC HOTELS & RESORTS, INC in Q2 2013 and held it in 6 quarters.
Covalent Partners's STRATEGIC HOTELS & RESORTS, INC position peaked at $20.5M in Q1 2014.
208 funds tracked by Wall St. Rank held STRATEGIC HOTELS & RESORTS, INC as of Q4 2014.

Based on Covalent Partners's 13F filing for Q4 2014, filed 13 Feb 2015.