Shoals Capital Management’s NorthStar Realty Europe Corp. NRE Stock Holding History

Shoals Capital Management’s Portfolio NRE Stock Details NRE Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q3	–	Sell	-1,325,000	Closed	-$21.8M	–	23
2019 Q2	$21.8M	Buy	1,325,000 +287,039	+28%	+$4.86M	19.84%	1
2019 Q1	$18M	Sell	1,037,961 -474,539	-31%	-$8.06M	15.87%	2
2018 Q4	$22M	Buy	+1,512,500	New	+$22.3M	11.64%	2

Other funds holding NRE

VOAM

Vertex One Asset Management Vancouver, British Columbia, Canada $434M AUM 37.82% 1-Year Est. Return

KBC Group Brussels, Belgium $39.9B AUM 29.7% 1-Year Est. Return

Comerica Bank Dallas, Texas $25.1B AUM 24.68% 1-Year Est. Return

Nomura Asset Management Tokyo, Japan $38.8B AUM 30.94% 1-Year Est. Return

IFP Advisors Tampa, Florida $5.54B AUM 27.43% 1-Year Est. Return

ASN

Advisory Services Network Atlanta, Georgia $7.52B AUM 29.01% 1-Year Est. Return

Shoals Capital Management's NRE Position: Q3 2019 in Review

Shoals Capital Management sold out of NorthStar Realty Europe Corp. (NRE) in Q3 2019, closing a stake of 1,325,000 shares — an estimated $21.8M sold.

Shoals Capital Management first reported a position in NRE in Q4 2018 and held it in 3 quarters. The position peaked at $22M in Q4 2018. 6 funds tracked by Wall St. Rank hold NRE as of Q3 2019.

Shoals Capital Management reported no remaining NorthStar Realty Europe Corp. position as of Q3 2019 after selling out during the quarter.
Shoals Capital Management sold 1,325,000 NorthStar Realty Europe Corp. shares in Q3 2019, an estimated $21.8M.
Shoals Capital Management first reported a position in NorthStar Realty Europe Corp. in Q4 2018 and held it in 3 quarters.
Shoals Capital Management's NorthStar Realty Europe Corp. position peaked at $22M in Q4 2018.
6 funds tracked by Wall St. Rank held NorthStar Realty Europe Corp. as of Q3 2019.

Based on Shoals Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.