Avalon Capital Management’s ProShares Trust Short MSCI Emerging Markets EUM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2018 Q3	–	Sell	-8,795	Closed	-$335K	–	50
2018 Q2	$335K	Buy	+8,795	New	+$335K	0.33%	33
2015 Q4	–	Sell	-20,449	Closed	-$1.22M	–	69
2015 Q3	$1.22M	Buy	+20,449	New	+$1.22M	1.13%	31