LCP

Lombardia Capital Partners Portfolio holdings

AUM $110M

1-Year Est. Return 13.11%

2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2

This Quarter Est. Return

1 Year Est. Return

+13.11%

3 Year Est. Return

5 Year Est. Return

10 Year Est. Return

AUM

$976M

AUM Growth

-$499M (-34%)

Cap. Flow

Cap. Flow % of AUM

Top 10 Holdings % Top 10 Hldgs %

Holding

190

New

Increased

Reduced

Closed

Top Buys

1		+$16.1M
2		+$11.6M
3		+$11M
4	TUP Tupperware Brands Corporation TUP	+$10.3M
5	VRTU Virtusa Corporation VRTU	+$9.85M

Top Sells

1		+$24.8M
2		+$21.6M
3		+$17.4M
4	Woodward WWD	+$15M
5	Zumiez ZUMZ	+$13.8M

Sector Composition

1	Financials	21.54%
2	Consumer Discretionary	16.58%
3	Industrials	11.41%
4	Technology	11.13%
5	Healthcare	9.27%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal
26	26 Scansource SCSC $910M	$13.3M	1.36%	329,058 -100,811
27	HIBB 27 DELISTED Hibbett, Inc. Common Stock HIBB	$13.3M	1.36%	355,429 -269,925
28	PMC 28 DELISTED PharMerica Corporation PMC	$13M	1.33%	516,604 -17,577
29	FOE 29 DELISTED Ferro Corporation FOE	$12.2M	1.25%	851,818 +60,139
30	JNS 30 DELISTED Janus Capital Group Inc JNS	$11.7M	1.2%	878,716 +4,651
31	31 Ares Capital ARCC $13.8B	$11.4M	1.17%	691,956 -275,372
32	32 Stifel SF $11.3B	$11.4M	1.17%	342,249 -161,307
33	33 Teradata TDC $1.96B	$11.3M	1.16%	417,125 -124,082
34	LHO 34 DELISTED LaSalle Hotel Properties LHO	$11.3M	1.16%	369,862 -197,373
35	35 Deluxe DLX $811M	$11M	1.12%	152,926 -72,118
36	36 TriMas Corp TRS $1.5B	$10.6M	1.09%	450,934 -368,874
37	AXE 37 DELISTED Anixter International Inc AXE	$10.5M	1.08%	129,825 -83,113
38	TUP 38 DELISTED Tupperware Brands Corporation TUP	$10.3M	1.06%	+196,600
39	39 The GEO Group GEO $2.41B	$10.1M	1.03%	421,008 -206,414
40	40 Evercore EVR $12.2B	$9.85M	1.01%	143,366 -8,228
41	VRTU 41 DELISTED Virtusa Corporation VRTU	$9.85M	1.01%	+391,946
42	42 Cal-Maine CALM $4.59B	$9.81M	1.01%	222,158 -62,561
43	43 Knowles KN $2.01B	$9.73M	1%	582,550 -274,500
44	PAY 44 DELISTED Verifone Systems Inc PAY	$9.7M	0.99%	546,889 -194,833
45	45 Red Robin RRGB $117M	$9.52M	0.98%	168,736 -130,969
46	46 New Mountain Finance NMFC $983M	$9.46M	0.97%	670,724 -181,315
47	47 Sleep Number SNBR $152M	$9.45M	0.97%	417,803 +242,568
48	ENDP 48 DELISTED Endo International plc ENDP	$9.32M	0.96%	+565,717
49	49 Matador Resources MTDR $5.35B	$9.21M	0.94%	357,343 -119,131
50	50 Kaiser Aluminum KALU $1.26B	$9.19M	0.94%	118,284 +34,643