North Run Capital’s Shutterfly, Inc. SFLY Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q2	–	Sell	-625,000	Closed	-$29M	–	33
2016 Q1	$29M	Sell	625,000 -50,000	-7%	-$2.32M	3.97%	12
2015 Q4	$30.1M	Sell	675,000 -100,000	-13%	-$4.46M	3.55%	13
2015 Q3	$27.7M	Sell	775,000 -225,000	-23%	-$8.04M	2.72%	16
2015 Q2	$47.8M	Buy	+1,000,000	New	+$47.8M	4.69%	10