River Road Asset Management’s PHI, Inc. Non-Voting Common Stock PHIIK Stock Holding History

River Road Asset Management’s Portfolio PHIIK Stock Details PHIIK Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-270,818	Closed	-$4.92M	–	165
2016 Q3	$4.92M	Sell	270,818 -13,943	-5%	-$265K	0.1%	129
2016 Q2	$5.09M	Sell	284,761 -6,252	-2%	-$119K	0.11%	127
2016 Q1	$5.5M	Buy	291,013 +101,082	+53%	+$1.78M	0.1%	134
2015 Q4	$3.12M	Sell	189,931 -9,190	-5%	-$183K	0.05%	142
2015 Q3	$3.76M	Buy	199,121 +16,407	+9%	+$427K	0.06%	142
2015 Q2	$5.49M	Buy	182,714 +57,415	+46%	+$1.89M	0.08%	132
2015 Q1	$3.77M	Sell	125,299 -45,925	-27%	-$1.53M	0.05%	154
2014 Q4	$6.4M	Sell	171,224 -129,342	-43%	-$5.31M	0.09%	130
2014 Q3	$12.4M	Buy	300,566 +78,024	+35%	+$3.29M	0.17%	116
2014 Q2	$9.92M	Buy	222,542 +129,081	+138%	+$5.68M	0.13%	127
2014 Q1	$4.13M	Buy	+93,461	New	+$3.79M	0.04%	161

Other funds holding PHIIK

WFC

West Face Capital Toronto, Ontario, Canada $16.6M AUM 18.79% 1-Year Est. Return

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

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

HRCM

Hawk Ridge Capital Management Los Angeles, California $2.75B AUM 20.09% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 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

LSV Asset Management Chicago, Illinois $46.4B AUM 27.74% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

River Road Asset Management's PHIIK Position: Q4 2016 in Review

River Road Asset Management sold out of PHI, Inc. Non-Voting Common Stock (PHIIK) in Q4 2016, closing a stake of 270,818 shares — an estimated $4.92M sold.

River Road Asset Management first reported a position in PHIIK in Q1 2014 and held it in 11 quarters. The position peaked at $12.4M in Q3 2014. 76 funds tracked by Wall St. Rank hold PHIIK as of Q4 2016.

River Road Asset Management reported no remaining PHI, Inc. Non-Voting Common Stock position as of Q4 2016 after selling out during the quarter.
River Road Asset Management sold 270,818 PHI, Inc. Non-Voting Common Stock shares in Q4 2016, an estimated $4.92M.
River Road Asset Management first reported a position in PHI, Inc. Non-Voting Common Stock in Q1 2014 and held it in 11 quarters.
River Road Asset Management's PHI, Inc. Non-Voting Common Stock position peaked at $12.4M in Q3 2014.
76 funds tracked by Wall St. Rank held PHI, Inc. Non-Voting Common Stock as of Q4 2016.

Based on River Road Asset Management's 13F filing for Q4 2016, filed 12 Jan 2017.