Relational Investors’s Guaranty Bancorp GBNK Stock Holding History

Relational Investors’s Portfolio GBNK Stock Details GBNK Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q2	–	Sell	-3,518,400	Closed	-$59.7M	–	12
2015 Q1	$59.7M	Hold	3,518,400	–	–	2.51%	10
2014 Q4	$50.8M	Hold	3,518,400	–	–	1.83%	10
2014 Q3	$47.5M	Hold	3,518,400	–	–	1.17%	11
2014 Q2	$48.9M	Hold	3,518,400	–	–	0.74%	18
2014 Q1	$50.1M	Hold	3,518,400	–	–	0.8%	20
2013 Q4	$49.4M	Hold	3,518,400	–	–	0.85%	17
2013 Q3	$48.2M	Hold	3,518,400	–	–	0.81%	17
2013 Q2	$39.9M	Buy	+3,518,400	New	+$37.5M	0.71%	18

Other funds holding GBNK

PFP

Patriot Financial Partners Radnor, Pennsylvania $284M AUM 20.43% 1-Year Est. Return

Franklin Resources San Mateo, California $408B AUM 30.18% 1-Year Est. Return

CCCPI

Castle Creek Capital Partners IV Rancho Santa Fe, California $28M AUM 43.6% 1-Year Est. Return

BCM

Basswood Capital Management New York $2.12B AUM 19.53% 1-Year Est. Return

MCM

Maltese Capital Management New York $508M AUM 21.31% 1-Year Est. Return

FHC

Forest Hill Capital Little Rock, Arkansas $152M AUM 64.38% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

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

EPCA

Elizabeth Park Capital Advisors Pepper Pike, Ohio $130M AUM 23.02% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

Relational Investors's GBNK Position: Q2 2015 in Review

Relational Investors sold out of Guaranty Bancorp (GBNK) in Q2 2015, closing a stake of 3,518,400 shares — an estimated $59.7M sold.

Relational Investors first reported a position in GBNK in Q2 2013 and held it in 8 quarters. The position peaked at $59.7M in Q1 2015. 73 funds tracked by Wall St. Rank hold GBNK as of Q2 2015.

Relational Investors reported no remaining Guaranty Bancorp position as of Q2 2015 after selling out during the quarter.
Relational Investors sold 3,518,400 Guaranty Bancorp shares in Q2 2015, an estimated $59.7M.
Relational Investors first reported a position in Guaranty Bancorp in Q2 2013 and held it in 8 quarters.
Relational Investors's Guaranty Bancorp position peaked at $59.7M in Q1 2015.
73 funds tracked by Wall St. Rank held Guaranty Bancorp as of Q2 2015.

Based on Relational Investors's 13F filing for Q2 2015, filed 14 Aug 2015.