FourPoints Investment Managers’s Howard Hughes HHH Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q1	$2.19M	Sell	19,616 -4,301	-18%	-$463K	2.28%	20
2016 Q4	$2.6M	Sell	23,917 -944	-4%	-$100K	2.3%	17
2016 Q3	$2.71M	Sell	24,861 -5,350	-18%	-$594K	2.06%	14
2016 Q2	$3.29M	Sell	30,211 -6,189	-17%	-$636K	2.3%	5
2016 Q1	$3.67M	Sell	36,400 -16,260	-31%	-$1.49M	2.29%	9
2015 Q4	$5.68M	Sell	52,660 -14,056	-21%	-$1.62M	2.4%	14
2015 Q3	$7.3M	Sell	66,716 -39,128	-37%	-$4.87M	2.93%	3
2015 Q2	$14.5M	Sell	105,844 -12,378	-10%	-$1.76M	3.31%	2
2015 Q1	$17.5M	Sell	118,222 -43,953	-27%	-$5.78M	3.65%	1
2014 Q4	$20.2M	Sell	162,175 -47,835	-23%	-$6.39M	3.14%	3
2014 Q3	$30M	Sell	210,010 -79,022	-27%	-$11.6M	3.5%	1
2014 Q2	$43.5M	Sell	289,032 -14,129	-5%	-$1.97M	4.12%	1
2014 Q1	$41.2M	Sell	303,161 -36,778	-11%	-$4.62M	3.94%	1
2013 Q4	$38.9M	Sell	339,939 -7,863	-2%	-$853K	3.66%	1
2013 Q3	$37.3M	Buy	347,802 +32,035	+10%	+$3.35M	3.24%	1
2013 Q2	$33.7M	Buy	+315,767	New	+$29.7M	3.37%	2