Echo Street Capital Management’s SELECT INCOME REIT SIR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q2	–	Sell	-1,343,535	Closed	-$11.5M	–	182
2018 Q1	$11.5M	Buy	+1,343,535	New	+$12.3M	0.34%	87
2017 Q4	–	Sell	-482,566	Closed	-$4.97M	–	164
2017 Q3	$4.97M	Sell	482,566 -407,696	-46%	-$4.18M	0.17%	127
2017 Q2	$9.4M	Buy	890,262 +438,113	+97%	+$4.78M	0.35%	85
2017 Q1	$5.13M	Sell	452,149 -9,762	-2%	-$110K	0.17%	136
2016 Q4	$5.12M	Sell	461,911 -522,750	-53%	-$5.7M	0.2%	123
2016 Q3	$11.6M	Sell	984,661 -648,257	-40%	-$7.71M	0.49%	73
2016 Q2	$18.7M	Sell	1,632,918 -674,021	-29%	-$7.17M	0.78%	38
2016 Q1	$23.4M	Sell	2,306,939 -1,152,967	-33%	-$10.2M	1.22%	21
2015 Q4	$30.1M	Sell	3,459,906 -588,206	-15%	-$5.17M	1.29%	23
2015 Q3	$33.8M	Buy	4,048,112 +1,995,175	+97%	+$17.3M	1.25%	18
2015 Q2	$18.6M	Buy	2,052,937 +962,752	+88%	+$9.85M	0.82%	40
2015 Q1	$12M	Buy	+1,090,185	New	+$12M	0.69%	52