Philadelphia Financial Management of San Francisco’s Itaú Unibanco ITUB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-1,860,843	Closed	-$5.6M	–	44
2015 Q3	$5.6M	Buy	+1,860,843	New	+$5.6M	1.19%	34