Philadelphia Financial Management of San Francisco’s Aflac AFL Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2017 Q2	–	Sell	-302,528	Closed	-$11M	–	39
2017 Q1	$11M	Buy	+302,528	New	+$11M	2.48%	23