MSF Capital’s Blackhawk Network Holdings, Inc. Common Stock HAWK Stock Holding History

MSF Capital’s Portfolio HAWK Stock Details HAWK Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-36,057	Closed	-$1.59M	–	20
2015 Q4	$1.59M	Sell	36,057 -253,276	-88%	-$11.3M	5.26%	10
2015 Q3	$12.3M	Sell	289,333 -71,315	-20%	-$3.03M	3.15%	4
2015 Q2	$14.9M	Sell	360,648 -12,182	-3%	-$454K	3.58%	2
2015 Q1	$13.3M	Buy	372,830 +16,778	+5%	+$596K	3.31%	4
2014 Q4	$13.4M	Sell	356,052 -4,331	-1%	-$154K	3.19%	3
2014 Q3	$11.6M	Buy	360,383 +85,733	+31%	+$2.42M	2.73%	7
2014 Q2	$7.37M	Buy	+274,650	New	+$6.81M	1.67%	23

Other funds holding HAWK

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

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

abrdn Investment Management Edinburgh, United Kingdom $29.6B AUM 25.48% 1-Year Est. Return

PCP

P2 Capital Partners New York $246M AUM 17.67% 1-Year Est. Return

BTP

Bloom Tree Partners New York $215M AUM 17.45% 1-Year Est. Return

TimesSquare Capital Management New York $6.8B AUM 45.85% 1-Year Est. Return

Frontier Capital Management Boston, Massachusetts $10.7B AUM 67.78% 1-Year Est. Return

River Road Asset Management Louisville, Kentucky $8.99B AUM 12.83% 1-Year Est. Return

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

PPC

Park Presidio Capital San Francisco, California $1.77B AUM 25.11% 1-Year Est. Return

MSF Capital's HAWK Position: Q1 2016 in Review

MSF Capital sold out of Blackhawk Network Holdings, Inc. Common Stock (HAWK) in Q1 2016, closing a stake of 36,057 shares — an estimated $1.59M sold.

MSF Capital first reported a position in HAWK in Q2 2014 and held it in 7 quarters. The position peaked at $14.9M in Q2 2015. 230 funds tracked by Wall St. Rank hold HAWK as of Q1 2016.

MSF Capital reported no remaining Blackhawk Network Holdings, Inc. Common Stock position as of Q1 2016 after selling out during the quarter.
MSF Capital sold 36,057 Blackhawk Network Holdings, Inc. Common Stock shares in Q1 2016, an estimated $1.59M.
MSF Capital first reported a position in Blackhawk Network Holdings, Inc. Common Stock in Q2 2014 and held it in 7 quarters.
MSF Capital's Blackhawk Network Holdings, Inc. Common Stock position peaked at $14.9M in Q2 2015.
230 funds tracked by Wall St. Rank held Blackhawk Network Holdings, Inc. Common Stock as of Q1 2016.

Based on MSF Capital's 13F filing for Q1 2016.