Dialectic Capital Management’s Blackstone Mortgage Trust BXMT Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q2	–	Sell	-27,200	Closed	-$731K	–	105
2016 Q1	$731K	Sell	27,200 -7,060	-21%	-$178K	0.42%	73
2015 Q4	$916K	Buy	34,260 +4,500	+15%	+$125K	0.62%	90
2015 Q3	$817K	Sell	29,760 -15,502	-34%	-$443K	0.56%	104
2015 Q2	$1.26M	Buy	45,262 +19,721	+77%	+$591K	0.87%	88
2015 Q1	$725K	Sell	25,541 -24,459	-49%	-$703K	0.32%	175
2014 Q4	$1.46M	Sell	50,000 -70,250	-58%	-$1.98M	0.69%	128
2014 Q3	$3.26M	Buy	120,250 +105,250	+702%	+$3M	1.53%	37
2014 Q2	$435K	Buy	+15,000	New	+$433K	0.26%	133
2014 Q1	–	Sell	-30,000	Closed	-$814K	–	164
2013 Q4	$814K	Buy	+30,000	New	+$768K	0.58%	110