Penn Capital Management’s Tanger SKT Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2013 Q4	–	Sell	-210,781	Closed	-$6.88M	–	320
2013 Q3	$6.88M	Sell	210,781 -35,915	-15%	-$1.17M	0.29%	131
2013 Q2	$8.25M	Buy	+246,696	New	+$8.25M	0.34%	114