Philadelphia Financial Management of San Francisco’s BTRS Holdings Inc. Class 1 Common Stock BTRS Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2021 Q1	–	Sell	-184,198	Closed	-$2.97M	–	81
2020 Q4	$2.97M	Buy	+184,198	New	+$2.97M	0.77%	43