Granite Investment Partners’s Tejon Ranch TRC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2020 Q1	–	Sell	-25,000	Closed	-$400K	–	308
2019 Q4	$400K	Sell	25,000 -30,000	-55%	-$480K	0.02%	247
2019 Q3	$933K	Sell	55,000 -10,000	-15%	-$170K	0.05%	234
2019 Q2	$1.08M	Hold	65,000	–	–	0.06%	217
2019 Q1	$1.14M	Hold	65,000	–	–	0.06%	193
2018 Q4	$1.08M	Hold	65,000	–	–	0.08%	159
2018 Q3	$1.41M	Hold	65,000	–	–	0.08%	148
2018 Q2	$1.58M	Hold	65,000	–	–	0.1%	136
2018 Q1	$1.5M	Hold	65,000	–	–	0.1%	146
2017 Q4	$1.35M	Sell	65,000 -12,250	-16%	-$254K	0.09%	176
2017 Q3	$1.58M	Hold	77,250	–	–	0.1%	160
2017 Q2	$1.55M	Hold	77,250	–	–	0.1%	182
2017 Q1	$1.64M	Hold	77,250	–	–	0.11%	175
2016 Q4	$1.91M	Sell	77,250 -5,150	-6%	-$127K	0.14%	163
2016 Q3	$1.95M	Hold	82,400	–	–	0.15%	164
2016 Q2	$1.89M	Hold	82,400	–	–	0.15%	158
2016 Q1	$1.65M	Hold	82,400	–	–	0.15%	164
2015 Q4	$1.53M	Hold	82,400	–	–	0.14%	161
2015 Q3	$1.75M	Hold	82,400	–	–	0.17%	149
2015 Q2	$2.06M	Hold	82,400	–	–	0.19%	149
2015 Q1	$2.12M	Hold	82,400	–	–	0.18%	156
2014 Q4	$2.36M	Hold	82,400	–	–	0.27%	131
2014 Q3	$2.24M	Hold	82,400	–	–	0.31%	88
2014 Q2	$2.58M	Hold	82,400	–	–	0.37%	68
2014 Q1	$2.71M	Hold	82,400	–	–	0.42%	66
2013 Q4	$2.94M	Hold	82,400	–	–	0.45%	66
2013 Q3	$2.47M	Sell	82,400 -2,554	-3%	-$76.5K	0.4%	83
2013 Q2	$2.28M	Buy	+84,954	New	+$2.28M	0.4%	85