Sachem Head Capital Management’s SBA Communications SBAC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2017 Q1	–	Sell	-1,785,000	Closed	-$184M	–	17
2016 Q4	$184M	Buy	+1,785,000	New	+$184M	7.05%	2
2016 Q3	–	Sell	-1,445,000	Closed	-$156M	–	11
2016 Q2	$156M	Hold	1,445,000	–	–	6.91%	4
2016 Q1	$145M	Buy	+1,445,000	New	+$145M	5.42%	5