Philadelphia Financial Management of San Francisco’s Toll Brothers TOL Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-530,150	Closed	-$15.8M	–	42
2016 Q3	$15.8M	Buy	+530,150	New	+$15.8M	3.5%	10