Polar Capital’s Two Harbors Investment TWO Stock Holding History

Polar Capital’s Portfolio TWO Stock Details TWO Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q2	–	Sell	-25,000	Closed	-$1.59M	–	275
2016 Q1	$1.59M	Hold	25,000	–	–	0.03%	221
2015 Q4	$1.62M	Buy	25,000 +2,500	+11%	+$171K	0.03%	222
2015 Q3	$1.59M	Hold	22,500	–	–	0.03%	230
2015 Q2	$1.75M	Hold	22,500	–	–	0.03%	229
2015 Q1	$1.91M	Hold	22,500	–	–	0.04%	224
2014 Q4	$1.8M	Buy	22,500 +1,875	+9%	+$152K	0.04%	216
2014 Q3	$1.6M	Buy	+20,625	New	+$1.71M	0.03%	220

Other funds holding TWO

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

TIM

Thornburg Investment Management Santa Fe, New Mexico $9.63B AUM 35.65% 1-Year Est. Return

SOMRS

State of Michigan Retirement System Lansing, Michigan $18.9B AUM 27.96% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Analytic Investors Los Angeles, California $8.93B AUM 13.54% 1-Year Est. Return

BGIM

Brandywine Global Investment Management Philadelphia, Pennsylvania $14.9B AUM 20.41% 1-Year Est. Return

DFG

Delphi Financial Group Wilmington, Delaware $222M AUM 11.28% 1-Year Est. Return

Polar Capital's TWO Position: Q2 2016 in Review

Polar Capital sold out of Two Harbors Investment (TWO) in Q2 2016, closing a stake of 25,000 shares — an estimated $1.59M sold.

Polar Capital first reported a position in TWO in Q3 2014 and held it in 7 quarters. The position peaked at $1.91M in Q1 2015. 275 funds tracked by Wall St. Rank hold TWO as of Q2 2016.

Polar Capital reported no remaining Two Harbors Investment position as of Q2 2016 after selling out during the quarter.
Polar Capital sold 25,000 Two Harbors Investment shares in Q2 2016, an estimated $1.59M.
Polar Capital first reported a position in Two Harbors Investment in Q3 2014 and held it in 7 quarters.
Polar Capital's Two Harbors Investment position peaked at $1.91M in Q1 2015.
275 funds tracked by Wall St. Rank held Two Harbors Investment as of Q2 2016.

Based on Polar Capital's 13F filing for Q2 2016, filed 15 Aug 2016.