P2 Capital Partners’s Blackhawk Network Holdings, Inc. Common Stock HAWK Stock Holding History

P2 Capital Partners’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
2018 Q2	–	Sell	-3,000,000	Closed	-$134M	–	19
2018 Q1	$134M	Hold	3,000,000	–	–	13.04%	1
2017 Q4	$107M	Hold	3,000,000	–	–	12.62%	2
2017 Q3	$131M	Hold	3,000,000	–	–	15.37%	1
2017 Q2	$131M	Hold	3,000,000	–	–	15.22%	1
2017 Q1	$122M	Hold	3,000,000	–	–	17.11%	1
2016 Q4	$113M	Buy	3,000,000 +191,474	+7%	+$6.81M	14.84%	1
2016 Q3	$84.7M	Buy	2,808,526 +508,526	+22%	+$16.8M	13.35%	3
2016 Q2	$77M	Buy	2,300,000 +424,509	+23%	+$14.2M	13.24%	3
2016 Q1	$64.3M	Buy	1,875,491 +1,075,491	+134%	+$39.1M	9.91%	6
2015 Q4	$35.4M	Sell	800,000 -300,000	-27%	-$13.4M	5.96%	9
2015 Q3	$46.6M	Sell	1,100,000 -650,000	-37%	-$27.7M	9.03%	4
2015 Q2	$72.1M	Hold	1,750,000	–	–	11.45%	4
2015 Q1	$62.2M	Sell	1,750,000 -350,000	-17%	-$12.4M	9.55%	4
2014 Q4	$79.1M	Sell	2,100,000 -50,000	-2%	-$1.78M	10.58%	4
2014 Q3	$69.4M	Buy	2,150,000 +476,773	+28%	+$13.4M	9.76%	4
2014 Q2	$44.9M	Buy	1,673,227 +1,400,222	+513%	+$34.7M	7.07%	6
2014 Q1	$6.66M	Buy	+273,005	New	+$7.17M	1.03%	12

Other funds holding HAWK

EVC

Eidelman Virant Capital Saint Louis, Missouri $136M AUM 15.11% 1-Year Est. Return

LTFS

Ladenburg Thalmann Financial Services Miami, Florida $15.9B AUM 25.16% 1-Year Est. Return

P2 Capital Partners's HAWK Position: Q2 2018 in Review

P2 Capital Partners sold out of Blackhawk Network Holdings, Inc. Common Stock (HAWK) in Q2 2018, closing a stake of 3,000,000 shares — an estimated $134M sold.

P2 Capital Partners first reported a position in HAWK in Q1 2014 and held it in 17 quarters. The position peaked at $134M in Q1 2018. 2 funds tracked by Wall St. Rank hold HAWK as of Q2 2018.

P2 Capital Partners reported no remaining Blackhawk Network Holdings, Inc. Common Stock position as of Q2 2018 after selling out during the quarter.
P2 Capital Partners sold 3,000,000 Blackhawk Network Holdings, Inc. Common Stock shares in Q2 2018, an estimated $134M.
P2 Capital Partners first reported a position in Blackhawk Network Holdings, Inc. Common Stock in Q1 2014 and held it in 17 quarters.
P2 Capital Partners's Blackhawk Network Holdings, Inc. Common Stock position peaked at $134M in Q1 2018.
2 funds tracked by Wall St. Rank held Blackhawk Network Holdings, Inc. Common Stock as of Q2 2018.

Based on P2 Capital Partners's 13F filing for Q2 2018, filed 14 Aug 2018.