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Third Avenue Management
> ACA
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 03/31/2008 | ACA Capital Holdings Inc | ACA | 4,609,419 | 0 | 1,245,000 | -2,595,000 | $0.27 |
| 12/31/2007 | ACA Capital Holdings Inc | ACA | 4,609,419 | 0 | 3,840,000 | -23,670,000 | $0.83 |
| 09/30/2007 | ACA Capital Holdings Inc | ACA | 4,609,419 | 0 | 27,510,000 | -26,245,000 | $5.97 |
| 06/30/2007 | ACA Capital Holdings Inc | ACA | 4,609,419 | 4,609,419 | 53,755,000 | 53,755,000 | $11.66 |
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