Monarch Partners Asset Management’s Bright Horizons BFAM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q3	–	Sell	-150,842	Closed	-$10M	–	167
2016 Q2	$10M	Sell	150,842 -158,324	-51%	-$10.5M	1%	37
2016 Q1	$20M	Buy	309,166 +202,165	+189%	+$13.1M	2.07%	5
2015 Q4	$7.15M	Buy	107,001 +86,540	+423%	+$5.78M	0.74%	56
2015 Q3	$1.31M	Buy	+20,461	New	+$1.31M	0.16%	125