Dialectic Capital Management’s Two Harbors Investment TWO Stock Holding History

Dialectic Capital Management’s Portfolio TWO Stock Details TWO Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-11,413	Closed	-$889K	–	190
2015 Q2	$889K	Buy	11,413 +3,413	+43%	+$287K	0.27%	118
2015 Q1	$680K	Sell	8,000 -17,000	-68%	-$1.41M	0.12%	180
2014 Q4	$2M	Sell	25,000 -12,456	-33%	-$1.01M	0.38%	100
2014 Q3	$2.9M	Buy	37,456 +11,297	+43%	+$939K	0.68%	43
2014 Q2	$2.19M	Sell	26,159 -1,054	-4%	-$87.6K	0.69%	45
2014 Q1	$2.23M	Buy	27,213 +2,213	+9%	+$178K	0.74%	37
2013 Q4	$1.86M	Hold	25,000	–	–	0.59%	58
2013 Q3	$1.94M	Sell	25,000 -8,750	-26%	-$687K	0.44%	73
2013 Q2	$2.77M	Buy	+33,750	New	+$3.1M	0.4%	71

Other funds holding TWO

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

TIM

Thornburg Investment Management Santa Fe, New Mexico $10.5B AUM 30.38% 1-Year Est. Return

SOMRS

State of Michigan Retirement System Lansing, Michigan $22.6B AUM 40.24% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Bank of New York Mellon New York $609B AUM 40.19% 1-Year Est. Return

BFA

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

BIT

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

DFG

Delphi Financial Group Wilmington, Delaware $202M AUM 21.25% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

BGIM

Brandywine Global Investment Management Philadelphia, Pennsylvania $14.9B AUM 20.41% 1-Year Est. Return

Dialectic Capital Management's TWO Position: Q3 2015 in Review

Dialectic Capital Management sold out of Two Harbors Investment (TWO) in Q3 2015, closing a stake of 11,413 shares — an estimated $889K sold.

Dialectic Capital Management first reported a position in TWO in Q2 2013 and held it in 9 quarters. The position peaked at $2.9M in Q3 2014. 279 funds tracked by Wall St. Rank hold TWO as of Q3 2015.

Dialectic Capital Management reported no remaining Two Harbors Investment position as of Q3 2015 after selling out during the quarter.
Dialectic Capital Management sold 11,413 Two Harbors Investment shares in Q3 2015, an estimated $889K.
Dialectic Capital Management first reported a position in Two Harbors Investment in Q2 2013 and held it in 9 quarters.
Dialectic Capital Management's Two Harbors Investment position peaked at $2.9M in Q3 2014.
279 funds tracked by Wall St. Rank held Two Harbors Investment as of Q3 2015.

Based on Dialectic Capital Management's 13F filing for Q3 2015, filed 16 Nov 2015.