Kestrel Investment Management’s Tribune Publishing Company Common Stock TPCO Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-264,000	Closed	-$4.1M	–	45
2015 Q2	$4.1M	Sell	264,000 -240,650	-48%	-$3.74M	1.27%	33
2015 Q1	$9.79M	Sell	504,650 -21,500	-4%	-$417K	1.34%	34
2014 Q4	$12M	Sell	526,150 -11,150	-2%	-$255K	1.61%	28
2014 Q3	$10.8M	Buy	+537,300	New	+$10.8M	1.53%	29