Miller Value Partners’s Ellington Residential Mortgage REIT EARN Stock Holding History

Miller Value Partners’s Portfolio EARN Stock Details EARN Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-89,875	Closed	-$1.46M	–	101
2014 Q3	$1.46M	Hold	89,875	–	–	0.06%	68
2014 Q2	$1.53M	Buy	89,875 +9,875	+12%	+$167K	0.06%	71
2014 Q1	$1.35M	Buy	80,000 +5,000	+7%	+$82.6K	0.05%	62
2013 Q4	$1.15M	Hold	75,000	–	–	0.05%	59
2013 Q3	$1.15M	Buy	+75,000	New	+$1.15M	0.07%	54

Other funds holding EARN

Blackstone Inc New York $32.9B AUM 23.66% 1-Year Est. Return

Acadian Asset Management Boston, Massachusetts $84.2B AUM 55.88% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $580B AUM 38.23% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Renaissance Technologies New York $72.6B AUM 54.88% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

Two Sigma Advisers New York $51.4B AUM 31.07% 1-Year Est. Return

Millennium Management New York $276B AUM 44.8% 1-Year Est. Return

RFC

Russell Frank Company Seattle, Washington $56.9B AUM 2.13% 1-Year Est. Return

Miller Value Partners's EARN Position: Q4 2014 in Review

Miller Value Partners sold out of Ellington Residential Mortgage REIT (EARN) in Q4 2014, closing a stake of 89,875 shares — an estimated $1.46M sold.

Miller Value Partners first reported a position in EARN in Q3 2013 and held it in 5 quarters. The position peaked at $1.53M in Q2 2014. 43 funds tracked by Wall St. Rank hold EARN as of Q4 2014.

Miller Value Partners reported no remaining Ellington Residential Mortgage REIT position as of Q4 2014 after selling out during the quarter.
Miller Value Partners sold 89,875 Ellington Residential Mortgage REIT shares in Q4 2014, an estimated $1.46M.
Miller Value Partners first reported a position in Ellington Residential Mortgage REIT in Q3 2013 and held it in 5 quarters.
Miller Value Partners's Ellington Residential Mortgage REIT position peaked at $1.53M in Q2 2014.
43 funds tracked by Wall St. Rank held Ellington Residential Mortgage REIT as of Q4 2014.

Based on Miller Value Partners's 13F filing for Q4 2014, filed 17 Feb 2015.