Arbiter Partners Capital Management’s Xtrackers Harvest CSI 300 China A-Shares ETF ASHR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2020 Q4	–	Sell	-621,300	Closed	-$21.4M	–	48
2020 Q3	$21.4M	Sell	621,300 -103,200	-14%	-$3.54M	0.96%	3
2020 Q2	$21.5M	Sell	724,500 -80,000	-10%	-$2.21M	1.71%	4
2020 Q1	$20.8M	Buy	804,500 +122,100	+18%	+$3.46M	3.1%	3
2019 Q4	$20.2M	Buy	682,400 +233,000	+52%	+$6.57M	2.93%	6
2019 Q3	$12.2M	Buy	449,400 +388,300	+636%	+$10.7M	2.22%	8
2019 Q2	$1.72M	Hold	61,100	–	–	0.33%	22
2019 Q1	$1.75M	Sell	61,100 -170,000	-74%	-$4.35M	0.35%	22
2018 Q4	$5.07M	Hold	231,100	–	–	0.57%	21
2018 Q3	$5.86M	Hold	231,100	–	–	0.59%	22
2018 Q2	$6.13M	Sell	231,100 -30,000	-11%	-$891K	0.61%	24
2018 Q1	$8.17M	Buy	+261,100	New	+$8.42M	0.99%	17
2016 Q2	–	Sell	-101,400	Closed	-$2.49M	–	94
2016 Q1	$2.49M	Hold	101,400	–	–	0.47%	38
2015 Q4	$2.84M	Sell	101,400 -400,000	-80%	-$13.9M	0.36%	45
2015 Q3	$16.2M	Hold	501,400	–	–	1.59%	14
2015 Q2	$23.1M	Buy	501,400 +51,400	+11%	+$2.51M	2.06%	9
2015 Q1	$18.7M	Buy	+450,000	New	+$16.6M	1.62%	13