Philadelphia Financial Management of San Francisco’s Starwood Property Trust STWD Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-324,474	Closed	-$7.25M	–	37
2013 Q4	$7.25M	Sell	324,474 -330,939	-50%	-$7.39M	1.81%	24
2013 Q3	$12.7M	Sell	655,413 -19,258	-3%	-$372K	3.53%	10
2013 Q2	$13.5M	Buy	+674,671	New	+$13.5M	3.74%	9