Waterstone Capital Management’s Welltower Inc. WELL.PRI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q1	–	Sell	-114,440	Closed	-$6.89M	–	18
2017 Q4	$6.89M	Hold	114,440	–	–	5.01%	7
2017 Q3	$7.24M	Sell	114,440 -75,866	-40%	-$4.95M	4.67%	8
2017 Q2	$12.7M	Buy	190,306 +50,000	+36%	+$3.26M	7.35%	6
2017 Q1	$8.8M	Hold	140,306	–	–	3.54%	10
2016 Q4	$8.43M	Hold	140,306	–	–	4.14%	9
2016 Q3	$8.54M	Sell	140,306 -65,000	-32%	-$4.46M	4.36%	9
2016 Q2	$13.9M	Buy	+205,306	New	+$13.1M	6.6%	6
2016 Q1	–	Hold	0	–	–	–	3
2015 Q3	–	Sell	-22,700	Closed	-$1.35M	–	19
2015 Q2	$1.35M	Hold	22,700	–	–	0.65%	17
2015 Q1	$1.54M	Hold	22,700	–	–	0.75%	15
2014 Q4	$1.5M	Hold	22,700	–	–	0.72%	15
2014 Q3	$1.3M	Hold	22,700	–	–	0.57%	18
2014 Q2	$1.31M	Hold	22,700	–	–	0.74%	14
2014 Q1	$1.26M	Sell	22,700 -78,600	-78%	-$4.28M	0.32%	18
2013 Q4	$5.22M	Buy	101,300 +76,300	+305%	+$4.26M	0.96%	20
2013 Q3	$1.44M	Buy	+25,000	New	+$1.48M	0.18%	25