Valinor Management’s Safehold SAFE Stock Holding History

Valinor Management’s Portfolio SAFE Stock Details SAFE Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q4	–	Sell	-553,611	Closed	-$31.8M	–	42
2017 Q3	$31.8M	Sell	553,611 -109,056	-16%	-$6.26M	1%	32
2017 Q2	$38.8M	Sell	662,667 -145,241	-18%	-$8.59M	1.18%	31
2017 Q1	$46.4M	Sell	807,908 -34,616	-4%	-$1.99M	1.35%	32
2016 Q4	$50.7M	Sell	842,524 -141,002	-14%	-$8.03M	1.51%	28
2016 Q3	$51.4M	Hold	983,526	–	–	1.77%	24
2016 Q2	$45.9M	Hold	983,526	–	–	1.53%	24
2016 Q1	$46.2M	Hold	983,526	–	–	1.33%	25
2015 Q4	$56.2M	Hold	983,526	–	–	1.54%	25
2015 Q3	$60.2M	Hold	983,526	–	–	1.59%	26
2015 Q2	$63.8M	Hold	983,526	–	–	1.69%	23
2015 Q1	$62.2M	Hold	983,526	–	–	1.63%	27
2014 Q4	$65.3M	Hold	983,526	–	–	1.67%	28
2014 Q3	$64.6M	Hold	983,526	–	–	1.79%	27
2014 Q2	$71.7M	Hold	983,526	–	–	1.96%	23
2014 Q1	$70.7M	Sell	983,526 -100,707	-9%	-$7.39M	2.17%	20
2013 Q4	$75.3M	Hold	1,084,233	–	–	2.49%	18
2013 Q3	$63.5M	Hold	1,084,233	–	–	2.34%	19
2013 Q2	$59.6M	Buy	+1,084,233	New	+$60.7M	2.47%	19

Other funds holding SAFE

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Diamond Hill Capital Management Columbus, Ohio $16B AUM 4.15% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

REMS

Real Estate Management Services $167M AUM 37.69% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

OppenheimerFunds New York $80.4B AUM 15.1% 1-Year Est. Return

Citigroup New York $235B AUM 32.99% 1-Year Est. Return

Loomis, Sayles & Company Boston, Massachusetts $74.3B AUM 24.01% 1-Year Est. Return

Valinor Management's SAFE Position: Q4 2017 in Review

Valinor Management sold out of Safehold (SAFE) in Q4 2017, closing a stake of 553,611 shares — an estimated $31.8M sold.

Valinor Management first reported a position in SAFE in Q2 2013 and held it in 18 quarters. The position peaked at $75.3M in Q4 2013. 148 funds tracked by Wall St. Rank hold SAFE as of Q4 2017.

Valinor Management reported no remaining Safehold position as of Q4 2017 after selling out during the quarter.
Valinor Management sold 553,611 Safehold shares in Q4 2017, an estimated $31.8M.
Valinor Management first reported a position in Safehold in Q2 2013 and held it in 18 quarters.
Valinor Management's Safehold position peaked at $75.3M in Q4 2013.
148 funds tracked by Wall St. Rank held Safehold as of Q4 2017.

Based on Valinor Management's 13F filing for Q4 2017, filed 14 Feb 2018.