Penn Capital Management’s Madison Square Garden MSGS Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-146,941	Closed	-$6.04M	–	313
2013 Q4	$6.04M	Sell	146,941 -61,895	-30%	-$2.54M	0.22%	141
2013 Q3	$8.65M	Sell	208,836 -42,222	-17%	-$1.75M	0.36%	111
2013 Q2	$10.6M	Buy	+251,058	New	+$10.6M	0.43%	78