Avalon Capital Management’s iShares Core MSCI Emerging Markets ETF IEMG Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$12M	Buy	172,730 +60,611	+54%	+$4.37M	3.4%	7
2025 Q4	$7.54M	Buy	112,119 +13,298	+13%	+$892K	1.8%	17
2025 Q3	$6.51M	Buy	98,821 +6,431	+7%	+$401K	1.6%	21
2025 Q2	$5.55M	Buy	92,390 +38,756	+72%	+$2.16M	1.49%	22
2025 Q1	$2.89M	Buy	+53,634	New	+$2.89M	0.84%	36
2024 Q4	–	Sell	-4,172	Closed	-$240K	–	141
2024 Q3	$240K	Sell	4,172 -1,797	-30%	-$97.3K	0.07%	114
2024 Q2	$320K	Buy	5,969 +2	+0%	+$105	0.1%	95
2024 Q1	$308K	Sell	5,967 -91,508	-94%	-$4.58M	0.13%	71
2023 Q4	$4.93M	Sell	97,475 -36,058	-27%	-$1.75M	2.07%	16
2023 Q3	$6.35M	Sell	133,533 -4,588	-3%	-$227K	3.24%	11
2023 Q2	$6.81M	Sell	138,121 -7,917	-5%	-$387K	3.19%	11
2023 Q1	$7.13M	Buy	146,038 +140,569	+2,570%	+$6.9M	3.65%	12
2022 Q4	$255K	Buy	+5,469	New	+$249K	0.13%	49