Philadelphia Financial Management of San Francisco’s Encore Capital Group ECPG Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-268,649	Closed	-$11.5M	–	43
2015 Q2	$11.5M	Sell	268,649 -609	-0.2%	-$26K	2.68%	17
2015 Q1	$11.2M	Sell	269,258 -33,393	-11%	-$1.39M	2.75%	16
2014 Q4	$13.4M	Buy	+302,651	New	+$13.4M	2.35%	17