Dynamic Capital Management’s Annaly Capital Management NLY Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q3	–	Sell	-56,425	Closed	-$2.5M	–	436
2016 Q2	$2.5M	Buy	56,425 +52,100	+1,205%	+$2.22M	0.29%	113
2016 Q1	$177K	Buy	+4,325	New	+$170K	0.07%	283
2015 Q4	–	Sell	-3,499	Closed	-$138K	–	415
2015 Q3	$138K	Sell	3,499 -60,022	-94%	-$2.4M	0.04%	340
2015 Q2	$2.33M	Buy	63,521 +58,021	+1,055%	+$2.34M	0.59%	37
2015 Q1	$229K	Sell	5,500 -18,835	-77%	-$801K	0.08%	221
2014 Q4	$1.05M	Sell	24,335 -20,810	-46%	-$941K	0.55%	47
2014 Q3	$1.93M	Buy	45,145 +34,820	+337%	+$1.59M	0.49%	59
2014 Q2	$472K	Buy	+10,325	New	+$476K	0.13%	256
2014 Q1	–	Sell	-22,725	Closed	-$906K	–	479
2013 Q4	$906K	Buy	22,725 +9,429	+71%	+$409K	0.17%	207
2013 Q3	$616K	Sell	13,296 -11,304	-46%	-$532K	0.14%	255
2013 Q2	$1.24M	Buy	+24,600	New	+$1.44M	0.33%	105