Santa Fe Partners’s Grand Canyon Education LOPE Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-6,982	Closed	-$327K	–	553
2014 Q1	$327K	Sell	6,982 -10,977	-61%	-$514K	0.05%	403
2013 Q4	$783K	Buy	+17,959	New	+$783K	0.13%	284
2013 Q3	–	Sell	-10,857	Closed	-$349K	–	539
2013 Q2	$349K	Buy	+10,857	New	+$349K	0.07%	401