Philadelphia Financial Management of San Francisco’s American Axle AXL Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-727,962	Closed	-$16.4M	–	31
2014 Q4	$16.4M	Buy	+727,962	New	+$16.4M	2.88%	9