Pine River Capital Management’s Grand Canyon Education LOPE Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2017 Q1	–	Sell	-8,948	Closed	-$523K	–	252
2016 Q4	$523K	Sell	8,948 -9,611	-52%	-$562K	0.02%	218
2016 Q3	$750K	Buy	+18,559	New	+$750K	0.01%	249