Penn Capital Management’s Lithia Motors LAD Stock Holding History

Penn Capital Management’s Portfolio LAD Stock Details LAD Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-95,161	Closed	-$10.8M	–	291
2015 Q2	$10.8M	Sell	95,161 -79,902	-46%	-$8.5M	0.44%	86
2015 Q1	$17.4M	Sell	175,063 -17,014	-9%	-$1.53M	0.69%	40
2014 Q4	$16.7M	Buy	192,077 +56,884	+42%	+$4.41M	0.7%	36
2014 Q3	$10.2M	Sell	135,193 -3,627	-3%	-$321K	0.43%	86
2014 Q2	$13.1M	Sell	138,820 -78,455	-36%	-$6M	0.51%	75
2014 Q1	$14.4M	Sell	217,275 -33,371	-13%	-$2.08M	0.55%	73
2013 Q4	$17.4M	Buy	250,646 +81,447	+48%	+$5.47M	0.63%	54
2013 Q3	$12.3M	Sell	169,199 -126,684	-43%	-$8.28M	0.51%	61
2013 Q2	$15.8M	Buy	+295,883	New	+$14.9M	0.65%	40

Other funds holding LAD

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

BFA

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

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

AllianceBernstein Nashville, Tennessee $309B AUM 23.92% 1-Year Est. Return

Neuberger Berman Group New York $131B AUM 28.36% 1-Year Est. Return

GCM

Glenview Capital Management New York $3.98B AUM 20.52% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

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

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

BIT

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

Penn Capital Management's LAD Position: Q3 2015 in Review

Penn Capital Management sold out of Lithia Motors (LAD) in Q3 2015, closing a stake of 95,161 shares — an estimated $10.8M sold.

Penn Capital Management first reported a position in LAD in Q2 2013 and held it in 9 quarters. The position peaked at $17.4M in Q1 2015. 245 funds tracked by Wall St. Rank hold LAD as of Q3 2015.

Penn Capital Management reported no remaining Lithia Motors position as of Q3 2015 after selling out during the quarter.
Penn Capital Management sold 95,161 Lithia Motors shares in Q3 2015, an estimated $10.8M.
Penn Capital Management first reported a position in Lithia Motors in Q2 2013 and held it in 9 quarters.
Penn Capital Management's Lithia Motors position peaked at $17.4M in Q1 2015.
245 funds tracked by Wall St. Rank held Lithia Motors as of Q3 2015.

Based on Penn Capital Management's 13F filing for Q3 2015, filed 16 Nov 2015.