Spark Investment Management’s Piper Sandler PIPR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q3	–	Sell	-36,000	Closed	-$668K	–	489
2019 Q2	$668K	Buy	+36,000	New	+$680K	0.05%	344
2018 Q2	–	Sell	-123,200	Closed	-$2.56M	–	710
2018 Q1	$2.56M	Buy	123,200 +80,800	+191%	+$1.79M	0.16%	191
2017 Q4	$914K	Buy	+42,400	New	+$764K	0.05%	377
2017 Q1	–	Sell	-30,884	Closed	-$559K	–	873
2016 Q4	$559K	Sell	30,884 -219,516	-88%	-$3.47M	0.05%	465
2016 Q3	$3.02M	Sell	250,400 -100,400	-29%	-$1.09M	0.25%	125
2016 Q2	$3.31M	Hold	350,800	–	–	0.31%	95
2016 Q1	$4.35M	Buy	350,800 +56,000	+19%	+$567K	0.44%	42
2015 Q4	$2.98M	Buy	+294,800	New	+$2.83M	0.38%	66
2015 Q1	–	Sell	-85,600	Closed	-$1.24M	–	746
2014 Q4	$1.24M	Hold	85,600	–	–	0.21%	160
2014 Q3	$1.12M	Buy	85,600 +22,400	+35%	+$299K	0.17%	189
2014 Q2	$817K	Buy	+63,200	New	+$711K	0.12%	250