Penn Capital Management’s Safehold SAFE Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q3	–	Sell	-55,556	Closed	-$2.59M	–	307
2016 Q2	$2.59M	Sell	55,556 -52,071	-48%	-$2.45M	0.15%	160
2016 Q1	$5.06M	Sell	107,627 -1,510	-1%	-$69.5K	0.29%	120
2015 Q4	$6.23M	Buy	109,137 +37,608	+53%	+$2.3M	0.27%	115
2015 Q3	$4.38M	Buy	71,529 +4,590	+7%	+$288K	0.23%	163
2015 Q2	$4.34M	Hold	66,939	–	–	0.18%	184
2015 Q1	$4.24M	Buy	66,939 +19,493	+41%	+$1.25M	0.17%	182
2014 Q4	$3.15M	Buy	47,446 +6,401	+16%	+$426K	0.13%	202
2014 Q3	$2.7M	Buy	+41,045	New	+$2.9M	0.11%	209
2014 Q2	–	Sell	-8,255	Closed	-$593K	–	285
2014 Q1	$593K	Sell	8,255 -94,526	-92%	-$6.94M	0.02%	281
2013 Q4	$7.14M	Buy	102,781 +18,735	+22%	+$1.17M	0.26%	130
2013 Q3	$4.93M	Sell	84,046 -12,295	-13%	-$689K	0.2%	162
2013 Q2	$5.29M	Buy	+96,341	New	+$5.39M	0.22%	160

Other funds holding SAFE

Diamond Hill Capital Management Columbus, Ohio $16B AUM 4.15% 1-Year Est. Return

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

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

Valinor Management New York $32.2M AUM 44.16% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

BFA

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

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

REMS

Real Estate Management Services $167M AUM 37.69% 1-Year Est. Return

LCP

Lombardia Capital Partners Pasadena, California $110M AUM 13.11% 1-Year Est. Return

Penn Capital Management's SAFE Position: Q3 2016 in Review

Penn Capital Management sold out of Safehold (SAFE) in Q3 2016, closing a stake of 55,556 shares — an estimated $2.59M sold.

Penn Capital Management first reported a position in SAFE in Q2 2013 and held it in 12 quarters. The position peaked at $7.14M in Q4 2013. 137 funds tracked by Wall St. Rank hold SAFE as of Q3 2016.

Penn Capital Management reported no remaining Safehold position as of Q3 2016 after selling out during the quarter.
Penn Capital Management sold 55,556 Safehold shares in Q3 2016, an estimated $2.59M.
Penn Capital Management first reported a position in Safehold in Q2 2013 and held it in 12 quarters.
Penn Capital Management's Safehold position peaked at $7.14M in Q4 2013.
137 funds tracked by Wall St. Rank held Safehold as of Q3 2016.

Based on Penn Capital Management's 13F filing for Q3 2016, filed 15 Nov 2016.