EJF Capital’s TFS Financial TFSL Stock Holding History

EJF Capital’s Portfolio TFSL Stock Details TFSL Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-630,433	Closed	-$11.2M	–	106
2016 Q3	$11.2M	Sell	630,433 -369,567	-37%	-$6.64M	0.91%	36
2016 Q2	$17.2M	Sell	1,000,000 -1,000,000	-50%	-$17.8M	1.62%	24
2016 Q1	$34.7M	Buy	2,000,000 +500,000	+33%	+$8.54M	2.17%	11
2015 Q4	$28.2M	Sell	1,500,000 -750,000	-33%	-$13.7M	2.03%	12
2015 Q3	$38.8M	Sell	2,250,000 -250,000	-10%	-$4.23M	1.89%	12
2015 Q2	$42M	Hold	2,500,000	–	–	1.55%	11
2015 Q1	$36.7M	Buy	2,500,000 +500,000	+25%	+$7.16M	1.26%	14
2014 Q4	$29.8M	Buy	2,000,000 +319,700	+19%	+$4.72M	1.23%	15
2014 Q3	$24.1M	Buy	1,680,300 +152,400	+10%	+$2.13M	1.14%	17
2014 Q2	$21.8M	Hold	1,527,900	–	–	1%	15
2014 Q1	$19M	Hold	1,527,900	–	–	1.14%	14
2013 Q4	$18.5M	Buy	1,527,900 +100,000	+7%	+$1.2M	1.22%	16
2013 Q3	$17.1M	Buy	1,427,900 +387,377	+37%	+$4.46M	1.28%	15
2013 Q2	$11.7M	Buy	+1,040,523	New	+$11.3M	1.07%	23

Other funds holding TFSL

Renaissance Technologies New York $72.6B AUM 54.88% 1-Year Est. Return

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

ECP

Empyrean Capital Partners Los Angeles, California $3.03B AUM 47.81% 1-Year Est. Return

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

Brown Advisory Baltimore, Maryland $64.6B AUM 18.98% 1-Year Est. Return

BIT

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

SCA

Stieven Capital Advisors St. Louis, Missouri $524M AUM 29.72% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

Norges Bank Oslo, Norway $1T AUM

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

EJF Capital's TFSL Position: Q4 2016 in Review

EJF Capital sold out of TFS Financial (TFSL) in Q4 2016, closing a stake of 630,433 shares — an estimated $11.2M sold.

EJF Capital first reported a position in TFSL in Q2 2013 and held it in 14 quarters. The position peaked at $42M in Q2 2015. 119 funds tracked by Wall St. Rank hold TFSL as of Q4 2016.

EJF Capital reported no remaining TFS Financial position as of Q4 2016 after selling out during the quarter.
EJF Capital sold 630,433 TFS Financial shares in Q4 2016, an estimated $11.2M.
EJF Capital first reported a position in TFS Financial in Q2 2013 and held it in 14 quarters.
EJF Capital's TFS Financial position peaked at $42M in Q2 2015.
119 funds tracked by Wall St. Rank held TFS Financial as of Q4 2016.

Based on EJF Capital's 13F filing for Q4 2016, filed 14 Feb 2017.