Bares Capital Management’s Invesco National AMT-Free Municipal Bond ETF PZA Stock Holding History

Bares Capital Management’s Portfolio PZA Stock Details PZA Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-8,668	Closed	-$209K	–	64
2014 Q1	$209K	Buy	+8,668	New	+$206K	0.02%	68
2013 Q4	–	Sell	-8,728	Closed	-$201K	–	66
2013 Q3	$201K	Hold	8,728	–	–	0.02%	67
2013 Q2	$209K	Buy	+8,728	New	+$220K	0.02%	68

Other funds holding PZA

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

UBS Zurich, Switzerland $136B AUM 16.36% 1-Year Est. Return

AssetMark Inc Concord, California $49B AUM 17.78% 1-Year Est. Return

TNBTD

Trustmark National Bank Trust Department Jackson, Mississippi $1.56B AUM 16.53% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

UBS AM Chicago, Illinois $481B AUM 26.39% 1-Year Est. Return

MAA

Managed Account Advisors Jersey City, New Jersey $121B AUM 7.32% 1-Year Est. Return

BTS

BB&T Securities Richmond, Virginia $10.9B AUM 5.31% 1-Year Est. Return

FAAM

First Allied Asset Management San Diego, California $712M AUM 9.35% 1-Year Est. Return

Bares Capital Management's PZA Position: Q2 2014 in Review

Bares Capital Management sold out of Invesco National AMT-Free Municipal Bond ETF (PZA) in Q2 2014, closing a stake of 8,668 shares — an estimated $209K sold.

Bares Capital Management first reported a position in PZA in Q2 2013 and held it in 3 quarters. The position peaked at $209K in Q1 2014. 71 funds tracked by Wall St. Rank hold PZA as of Q2 2014.

Bares Capital Management reported no remaining Invesco National AMT-Free Municipal Bond ETF position as of Q2 2014 after selling out during the quarter.
Bares Capital Management sold 8,668 Invesco National AMT-Free Municipal Bond ETF shares in Q2 2014, an estimated $209K.
Bares Capital Management first reported a position in Invesco National AMT-Free Municipal Bond ETF in Q2 2013 and held it in 3 quarters.
Bares Capital Management's Invesco National AMT-Free Municipal Bond ETF position peaked at $209K in Q1 2014.
71 funds tracked by Wall St. Rank held Invesco National AMT-Free Municipal Bond ETF as of Q2 2014.

Based on Bares Capital Management's 13F filing for Q2 2014, filed 14 Aug 2014.