NAVIENT CORPORATION

Ticker: NAVI CUSIP: 63938C108 Class: Common Stock

CAPITAL MANAGEMENT ASSOCIATES /NY/'s Holding History (CIK: 0000825293)

Note: Option positions (PUT/CALL) are excluded.

Q3 2014

Shares 19,700 Value ($000) $349 Avg Close $17.60 Range $16.76 - $18.28

Q2 2014

Shares 20,200 Value ($000) $358 Avg Close $16.58 Range $15.00 - $17.98

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	19,700	$349	$17.60	$16.76 - $18.28
Q2 2014	20,200	$358	$16.58	$15.00 - $17.98