Crow Point Partners’s Shenandoah Telecom SHEN Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q4	–	Sell	-975,000	Closed	-$30.1M	–	128
2019 Q3	$30.1M	Hold	975,000	–	–	4.41%	7
2019 Q2	$37.9M	Hold	975,000	–	–	6.1%	3
2019 Q1	$43.3M	Hold	975,000	–	–	7.33%	2
2018 Q4	$42.4M	Hold	975,000	–	–	7.88%	1
2018 Q3	$37.8M	Hold	975,000	–	–	6.59%	2
2018 Q2	$32.6M	Sell	975,000 -15,000	-2%	-$512K	6.11%	3
2018 Q1	$35.6M	Buy	990,000 +15,000	+2%	+$499K	6.55%	1
2017 Q4	$32.9M	Buy	975,000 +35,000	+4%	+$1.29M	5.17%	1
2017 Q3	$35.5M	Hold	940,000	–	–	5.68%	2
2017 Q2	$28.5M	Hold	940,000	–	–	4.69%	4
2017 Q1	$26.7M	Hold	940,000	–	–	4.13%	6
2016 Q4	$25.7M	Hold	940,000	–	–	4.18%	6
2016 Q3	$25.6M	Buy	+940,000	New	+$30.2M	4%	4
2015 Q3	$27.6M	Hold	1,289,998	–	–	4.08%	1
2015 Q2	$22.1M	Sell	1,289,998 -2	-0%	-$33	3.25%	5
2015 Q1	$20.1M	Buy	+1,290,000	New	+$19.7M	2.75%	11
2014 Q3	$14.7M	Hold	1,180,000	–	–	1.94%	15
2014 Q2	$19.1M	Hold	1,180,000	–	–	2.47%	9
2014 Q1	$19.1M	Buy	+1,180,000	New	+$15.8M	2.47%	9