Philadelphia Financial Management of San Francisco’s Cigna CI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-171,802	Closed	-$14.4M	–	26
2014 Q1	$14.4M	Buy	+171,802	New	+$14.4M	3.29%	15