PENN CAP SMALL CAP EQTY-INST

Ticker: PSCNX CUSIP: 707269304 Class: OPEN-END FUND

Parkwood LLC's Holding History (CIK: 0001597823)

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

Q1 2017

Shares 439,284 Value ($000) $5,157 Avg Close — Range —

Q4 2016

Shares 430,308 Value ($000) $4,880 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	439,284	$5,157	—	—
Q4 2016	430,308	$4,880	—	—