Madison Avenue Partners, LP Portfolio Holdings by Sector

Madison Avenue Partners, LP

Industry	Value	Buys	Sells	New Positions	Closed Positions	Options
Education & Training Services \| Consumer Defensive GHC 1 stocks	$235,671 30.43% of portfolio	1	-	-	-	0 Calls 0 Puts
Insurance—Property & Casualty \| Financial Services MKL 1 stocks	$170,801 22.05% of portfolio	1	-	1	-	0 Calls 0 Puts
Biotechnology \| Healthcare TBPH SAGE TSVT PLRX OVID 5 stocks	$126,421 16.32% of portfolio	2	1	2	-	0 Calls 0 Puts
Publishing \| Communication Services WLY 1 stocks	$98,391 12.7% of portfolio	1	-	-	-	0 Calls 0 Puts
Utilities—Regulated Electric \| Utilities PCG 1 stocks	$50,681 6.54% of portfolio	1	-	1	-	0 Calls 0 Puts
Advertising Agencies \| Communication Services STGW 1 stocks	$43,243 5.58% of portfolio	-	-	-	-	0 Calls 0 Puts
Credit Services \| Financial Services NNI 1 stocks	$25,938 3.35% of portfolio	-	1	-	-	0 Calls 0 Puts
Farm & Heavy Construction Machinery \| Industrials CMCO 1 stocks	$10,485 1.35% of portfolio	1	-	1	-	0 Calls 0 Puts
Restaurants \| Consumer Cyclical CNNE 1 stocks	$7,679 0.99% of portfolio	1	-	1	-	0 Calls 0 Puts
REIT—Office \| Real Estate FSP 1 stocks	$4,865 0.63% of portfolio	-	-	-	-	0 Calls 0 Puts
Medical Care Facilities \| Healthcare ACHC 1 stocks	$287 0.04% of portfolio	-	1	-	-	0 Calls 0 Puts

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