Fondren Management’s Spirit MTA REIT Common Shares of Beneficial Interest SMTA Stock Holding History

Fondren Management’s Portfolio SMTA Stock Details SMTA Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q3	–	Sell	-70,000	Closed	-$584K	–	93
2019 Q2	$584K	Sell	70,000 -235,000	-77%	-$1.73M	0.56%	47
2019 Q1	$1.98M	Buy	305,000 +4,500	+1%	+$33.7K	1.58%	18
2018 Q4	$2.14M	Sell	300,500 -10,000	-3%	-$101K	2.8%	10
2018 Q3	$3.58M	Sell	310,500 -235,000	-43%	-$2.5M	3.21%	11
2018 Q2	$5.62M	Buy	+545,500	New	+$5.43M	4.3%	7

Other funds holding SMTA

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

ICM

Indaba Capital Management San Francisco, California $33.8M AUM 33.83% 1-Year Est. Return

WAM

Weiss Asset Management Boston, Massachusetts $9.54B AUM 55.06% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

Mangrove Partners Greenwich, Connecticut $1.52B AUM 36.54% 1-Year Est. Return

DKCM

Davidson Kempner Capital Management New York $8.42B AUM 61.81% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Millennium Management New York $276B AUM 44.8% 1-Year Est. Return

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

Fondren Management's SMTA Position: Q3 2019 in Review

Fondren Management sold out of Spirit MTA REIT Common Shares of Beneficial Interest (SMTA) in Q3 2019, closing a stake of 70,000 shares — an estimated $584K sold.

Fondren Management first reported a position in SMTA in Q2 2018 and held it in 5 quarters. The position peaked at $5.62M in Q2 2018. 119 funds tracked by Wall St. Rank hold SMTA as of Q3 2019.

Fondren Management reported no remaining Spirit MTA REIT Common Shares of Beneficial Interest position as of Q3 2019 after selling out during the quarter.
Fondren Management sold 70,000 Spirit MTA REIT Common Shares of Beneficial Interest shares in Q3 2019, an estimated $584K.
Fondren Management first reported a position in Spirit MTA REIT Common Shares of Beneficial Interest in Q2 2018 and held it in 5 quarters.
Fondren Management's Spirit MTA REIT Common Shares of Beneficial Interest position peaked at $5.62M in Q2 2018.
119 funds tracked by Wall St. Rank held Spirit MTA REIT Common Shares of Beneficial Interest as of Q3 2019.

Based on Fondren Management's 13F filing for Q3 2019, filed 14 Nov 2019.