PHAM

Pacific Heights Asset Management’s COPT Defense Properties CDP Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2018 Q1	–	Sell	-100,000	Closed	-$2.92M	–	77
2017 Q4	$2.92M	Hold	100,000	–	–	0.29%	68
2017 Q3	$3.28M	Hold	100,000	–	–	0.31%	70
2017 Q2	$3.5M	Hold	100,000	–	–	0.33%	69
2017 Q1	$3.31M	Sell	100,000 -25,000	-20%	-$828K	0.31%	70
2016 Q4	$3.9M	Sell	125,000 -75,000	-38%	-$2.34M	0.37%	70
2016 Q3	$5.67M	Hold	200,000	–	–	0.5%	63
2016 Q2	$5.91M	Hold	200,000	–	–	0.54%	61
2016 Q1	$5.25M	Hold	200,000	–	–	0.5%	63
2015 Q4	$4.37M	Hold	200,000	–	–	0.44%	65
2015 Q3	$4.21M	Sell	200,000 -25,000	-11%	-$526K	0.33%	70
2015 Q2	$5.3M	Sell	225,000 -125,000	-36%	-$2.94M	0.35%	69
2015 Q1	$10.3M	Sell	350,000 -50,000	-13%	-$1.47M	0.58%	63
2014 Q4	$11.3M	Sell	400,000 -200,000	-33%	-$5.67M	0.6%	59
2014 Q3	$15.4M	Sell	600,000 -100,000	-14%	-$2.57M	0.62%	64
2014 Q2	$19.5M	Sell	700,000 -500,000	-42%	-$13.9M	0.71%	67
2014 Q1	$32M	Sell	1,200,000 -300,000	-20%	-$7.99M	1.1%	50
2013 Q4	$35.5M	Sell	1,500,000 -500,000	-25%	-$11.8M	1.06%	53
2013 Q3	$46.2M	Hold	2,000,000	–	–	1.26%	37
2013 Q2	$51M	Buy	+2,000,000	New	+$51M	1.24%	44