Naya Management’s SBA Communications SBAC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q3	–	Sell	-820,348	Closed	-$83.9M	–	22
2014 Q2	$83.9M	Buy	820,348 +24,210	+3%	+$2.48M	6.35%	5
2014 Q1	$72.4M	Sell	796,138 -92,310	-10%	-$8.4M	7.99%	8
2013 Q4	$79.8M	Buy	+888,448	New	+$79.8M	9.63%	6