Philadelphia Financial Management of San Francisco’s Triumph Financial, Inc. TFIN Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q2	–	Sell	-505,220	Closed	-$6.9M	–	40
2015 Q1	$6.9M	Sell	505,220 -38,337	-7%	-$524K	1.7%	23
2014 Q4	$7.37M	Buy	+543,557	New	+$7.37M	1.29%	33