Philadelphia Financial Management of San Francisco’s Blackstone Mortgage Trust BXMT Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2013 Q4	–	Sell	-311,164	Closed	-$7.84M	–	37
2013 Q3	$7.84M	Sell	311,164 -201,441	-39%	-$5.07M	2.19%	21
2013 Q2	$12.7M	Buy	+512,605	New	+$12.7M	3.52%	13