Elkhorn Partners’s Universal Stainless & Alloy USAP Stock Holding History

Elkhorn Partners’s Portfolio USAP Stock Details USAP Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q1	–	Sell	-21,900	Closed	-$296K	–	41
2016 Q4	$296K	Sell	21,900 -1,100	-5%	-$13K	0.18%	30
2016 Q3	$242K	Hold	23,000	–	–	0.15%	32
2016 Q2	$251K	Sell	23,000 -3,500	-13%	-$40.2K	0.16%	35
2016 Q1	$270K	Hold	26,500	–	–	0.17%	34
2015 Q4	$246K	Buy	26,500 +2,500	+10%	+$25.7K	0.15%	37
2015 Q3	$254K	Buy	+24,000	New	+$325K	0.16%	37

Other funds holding USAP

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

PCM

Pennant Capital Management Summit, New Jersey $212M AUM 19.37% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

Ameriprise Minneapolis, Minnesota $432B AUM 30.22% 1-Year Est. Return

Minerva Advisors Bala Cynwyd, Pennsylvania $155M AUM 35.49% 1-Year Est. Return

Franklin Resources San Mateo, California $408B AUM 30.18% 1-Year Est. Return

Aegis Financial Mc Lean, Virginia $580M AUM 105.74% 1-Year Est. Return

TAM

THB Asset Management Norwalk, Connecticut $440M AUM 59.59% 1-Year Est. Return

Foundry Partners Minneapolis, Minnesota $1.89B AUM 9.84% 1-Year Est. Return

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

Elkhorn Partners's USAP Position: Q1 2017 in Review

Elkhorn Partners sold out of Universal Stainless & Alloy (USAP) in Q1 2017, closing a stake of 21,900 shares — an estimated $296K sold.

Elkhorn Partners first reported a position in USAP in Q3 2015 and held it in 6 quarters. The position peaked at $296K in Q4 2016. 46 funds tracked by Wall St. Rank hold USAP as of Q1 2017.

Elkhorn Partners reported no remaining Universal Stainless & Alloy position as of Q1 2017 after selling out during the quarter.
Elkhorn Partners sold 21,900 Universal Stainless & Alloy shares in Q1 2017, an estimated $296K.
Elkhorn Partners first reported a position in Universal Stainless & Alloy in Q3 2015 and held it in 6 quarters.
Elkhorn Partners's Universal Stainless & Alloy position peaked at $296K in Q4 2016.
46 funds tracked by Wall St. Rank held Universal Stainless & Alloy as of Q1 2017.

Based on Elkhorn Partners's 13F filing for Q1 2017, filed 15 May 2017.