Philadelphia Financial Management of San Francisco’s Hanmi Financial HAFC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-562,910	Closed	-$12.3M	–	34
2014 Q4	$12.3M	Buy	562,910 +111,318	+25%	+$2.43M	2.15%	22
2014 Q3	$9.11M	Buy	+451,592	New	+$9.11M	1.69%	29