Daiwa Securities Group’s Walker & Dunlop WD Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-5,800	Closed	-$167K	–	964
2015 Q4	$167K	Sell	5,800 -13,000	-69%	-$374K	﹤0.01%	711
2015 Q3	$490K	Buy	18,800 +16,000	+571%	+$417K	﹤0.01%	491
2015 Q2	$75K	Buy	+2,800	New	+$75K	﹤0.01%	878