Telluride Asset Management’s SBA Communications SBAC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-4,200	Closed	-$382K	–	323
2014 Q1	$382K	Buy	+4,200	New	+$382K	0.32%	113