Pembroke Management’s Safeguard Scientifics, Inc. SFE Stock Holding History

Pembroke Management’s Portfolio SFE Stock Details SFE Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q3	–	Sell	-100,000	Closed	-$1.25M	–	62
2016 Q2	$1.25M	Sell	100,000 -577,147	-85%	-$7.74M	0.11%	52
2016 Q1	$8.97M	Sell	677,147 -285,700	-30%	-$3.6M	0.79%	48
2015 Q4	$14M	Sell	962,847 -203,513	-17%	-$3.28M	1.12%	38
2015 Q3	$18.1M	Sell	1,166,360 -19,940	-2%	-$358K	1.35%	37
2015 Q2	$23.1M	Sell	1,186,300 -27,700	-2%	-$508K	1.47%	33
2015 Q1	$21.9M	Sell	1,214,000 -39,900	-3%	-$738K	1.38%	32
2014 Q4	$24.9M	Buy	1,253,900 +7,900	+0.6%	+$152K	1.53%	31
2014 Q3	$22.9M	Buy	1,246,000 +149,600	+14%	+$2.95M	1.7%	30
2014 Q2	$22.8M	Buy	1,096,400 +519,300	+90%	+$10.4M	1.76%	29
2014 Q1	$12.8M	Buy	+577,100	New	+$11.5M	1.06%	36

Other funds holding SFE

First Manhattan New York $36.1B AUM 11.5% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

GIM

Granahan Investment Management Waltham, Massachusetts $2.07B AUM 56.45% 1-Year Est. Return

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

William Blair Investment Management Chicago, Illinois $30.3B AUM 33.75% 1-Year Est. Return

BIT

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

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

Deutsche Bank Frankfurt Am Main Ge, Germany $303B AUM 30.15% 1-Year Est. Return

Pembroke Management's SFE Position: Q3 2016 in Review

Pembroke Management sold out of Safeguard Scientifics, Inc. (SFE) in Q3 2016, closing a stake of 100,000 shares — an estimated $1.25M sold.

Pembroke Management first reported a position in SFE in Q1 2014 and held it in 10 quarters. The position peaked at $24.9M in Q4 2014. 107 funds tracked by Wall St. Rank hold SFE as of Q3 2016.

Pembroke Management reported no remaining Safeguard Scientifics, Inc. position as of Q3 2016 after selling out during the quarter.
Pembroke Management sold 100,000 Safeguard Scientifics, Inc. shares in Q3 2016, an estimated $1.25M.
Pembroke Management first reported a position in Safeguard Scientifics, Inc. in Q1 2014 and held it in 10 quarters.
Pembroke Management's Safeguard Scientifics, Inc. position peaked at $24.9M in Q4 2014.
107 funds tracked by Wall St. Rank held Safeguard Scientifics, Inc. as of Q3 2016.

Based on Pembroke Management's 13F filing for Q3 2016, filed 27 Oct 2016.