Philadelphia Financial Management of San Francisco’s Iron Mountain IRM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-412,987	Closed	-$15.5M	–	35
2016 Q3	$15.5M	Buy	412,987 +144,196	+54%	+$5.41M	3.43%	11
2016 Q2	$10.7M	Buy	+268,791	New	+$10.7M	2.46%	24