Endicott Management’s Banc of California BANC Stock Holding History

Endicott Management’s Portfolio BANC Stock Details BANC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q1	–	Sell	-1,000,000	Closed	-$20.6M	–	11
2017 Q4	$20.6M	Hold	1,000,000	–	–	10.85%	5
2017 Q3	$20.8M	Hold	1,000,000	–	–	12.24%	3
2017 Q2	$21.5M	Sell	1,000,000 -70,000	-7%	-$1.48M	12.28%	3
2017 Q1	$22.1M	Buy	1,070,000 +70,000	+7%	+$1.3M	11.45%	3
2016 Q4	$17.4M	Hold	1,000,000	–	–	9.57%	4
2016 Q3	$17.5M	Hold	1,000,000	–	–	7.8%	2
2016 Q2	$18.1M	Hold	1,000,000	–	–	6.6%	5
2016 Q1	$17.5M	Hold	1,000,000	–	–	6.09%	5
2015 Q4	$14.6M	Hold	1,000,000	–	–	5.5%	6
2015 Q3	$12.3M	Hold	1,000,000	–	–	4.55%	9
2015 Q2	$13.8M	Hold	1,000,000	–	–	5%	8
2015 Q1	$12.3M	Hold	1,000,000	–	–	4.62%	10
2014 Q4	$11.5M	Hold	1,000,000	–	–	4.44%	10
2014 Q3	$11.6M	Hold	1,000,000	–	–	4.61%	11
2014 Q2	$10.9M	Hold	1,000,000	–	–	4.19%	10
2014 Q1	$12.3M	Hold	1,000,000	–	–	5.48%	9
2013 Q4	$13.4M	Hold	1,000,000	–	–	5.72%	9
2013 Q3	$13.8M	Buy	+1,000,000	New	+$14.1M	6.18%	7

Other funds holding BANC

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

PCA

PL Capital Advisors Naples, Florida $332M AUM 17.89% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

PFP

Patriot Financial Partners Radnor, Pennsylvania $284M AUM 20.43% 1-Year Est. Return

LPAM

Legion Partners Asset Management Los Angeles, California $138M AUM 53.69% 1-Year Est. Return

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

Victory Capital Management San Antonio, Texas $156B AUM 27.51% 1-Year Est. Return

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

RIM

Ranger Investment Management Dallas, Texas $1.38B AUM 24.55% 1-Year Est. Return

Endicott Management's BANC Position: Q1 2018 in Review

Endicott Management sold out of Banc of California (BANC) in Q1 2018, closing a stake of 1,000,000 shares — an estimated $20.6M sold.

Endicott Management first reported a position in BANC in Q3 2013 and held it in 18 quarters. The position peaked at $22.1M in Q1 2017. 174 funds tracked by Wall St. Rank hold BANC as of Q1 2018.

Endicott Management reported no remaining Banc of California position as of Q1 2018 after selling out during the quarter.
Endicott Management sold 1,000,000 Banc of California shares in Q1 2018, an estimated $20.6M.
Endicott Management first reported a position in Banc of California in Q3 2013 and held it in 18 quarters.
Endicott Management's Banc of California position peaked at $22.1M in Q1 2017.
174 funds tracked by Wall St. Rank held Banc of California as of Q1 2018.

Based on Endicott Management's 13F filing for Q1 2018, filed 15 May 2018.