IBIS Capital Partners’s Topgolf Callaway Brands MODG Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2017 Q4	–	Sell	-300,000	Closed	-$4.33M	–	14
2017 Q3	$4.33M	Sell	300,000 -417,797	-58%	-$6.03M	4.16%	10
2017 Q2	$9.17M	Sell	717,797 -81,840	-10%	-$1.05M	7.28%	8
2017 Q1	$8.85M	Buy	+799,637	New	+$8.85M	5.25%	10