Penn Capital Management’s International Paper IP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2013 Q3	–	Sell	-37,223	Closed	-$1.54M	–	307
2013 Q2	$1.54M	Buy	+37,223	New	+$1.54M	0.06%	265