Zebra Capital Management’s Grand Canyon Education LOPE Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q2	–	Sell	-2,706	Closed	-$310K	–	497
2019 Q1	$310K	Buy	2,706 +331	+14%	+$34.1K	0.16%	267
2018 Q4	$228K	Sell	2,375 -361	-13%	-$42K	0.14%	300
2018 Q3	$309K	Sell	2,736 -2,827	-51%	-$330K	0.14%	293
2018 Q2	$621K	Sell	5,563 -3,202	-37%	-$351K	0.27%	196
2018 Q1	$920K	Buy	8,765 +310	+4%	+$29.9K	0.33%	153
2017 Q4	$757K	Sell	8,455 -20,155	-70%	-$1.82M	0.26%	201
2017 Q3	$2.6M	Sell	28,610 -20,607	-42%	-$1.65M	0.84%	7
2017 Q2	$3.86M	Sell	49,217 -6,483	-12%	-$496K	1.2%	2
2017 Q1	$3.99M	Sell	55,700 -5,471	-9%	-$340K	1.24%	2
2016 Q4	$3.58M	Buy	61,171 +3,904	+7%	+$200K	1.08%	5
2016 Q3	$2.31M	Buy	57,267 +8,210	+17%	+$341K	0.72%	12
2016 Q2	$1.96M	Buy	49,057 +11,623	+31%	+$490K	0.68%	15
2016 Q1	$1.6M	Buy	37,434 +7,676	+26%	+$296K	0.63%	30
2015 Q4	$1.19M	Buy	29,758 +10,226	+52%	+$403K	0.66%	34
2015 Q3	$742K	Buy	19,532 +149	+0.8%	+$5.99K	0.46%	78
2015 Q2	$822K	Buy	+19,383	New	+$839K	0.48%	77