Bares Capital Management’s Vanguard FTSE Emerging Markets ETF VWO Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-59,272	Closed	-$2.37M	–	44
2014 Q4	$2.37M	Buy	59,272 +779	+1%	+$32.1K	0.29%	11
2014 Q3	$2.44M	Buy	58,493 +3,942	+7%	+$175K	0.3%	13
2014 Q2	$2.35M	Buy	54,551 +8,499	+18%	+$358K	0.19%	24
2014 Q1	$1.87M	Sell	46,052 -839	-2%	-$32.5K	0.15%	28
2013 Q4	$1.93M	Buy	46,891 +93	+0.2%	+$3.83K	0.17%	25
2013 Q3	$1.88M	Buy	46,798 +21,533	+85%	+$852K	0.18%	25
2013 Q2	$980K	Buy	+25,265	New	+$1.06M	0.1%	36

Other funds holding VWO

Bridgewater Associates Westport, Connecticut $24.4B AUM 40.93% 1-Year Est. Return

Wells Fargo San Francisco, California $617B AUM 30.33% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

BlackRock Group London, United Kingdom $210B AUM 15.5% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Northern Trust Chicago, Illinois $860B AUM 41.15% 1-Year Est. Return

AUIM

Aegon USA Investment Management Cedar Rapids, Iowa $140M AUM 12.2% 1-Year Est. Return

PNC Financial Services Group Pittsburgh, Pennsylvania $202B AUM 37.79% 1-Year Est. Return

Bares Capital Management's VWO Position: Q1 2015 in Review

Bares Capital Management sold out of Vanguard FTSE Emerging Markets ETF (VWO) in Q1 2015, closing a stake of 59,272 shares — an estimated $2.37M sold.

Bares Capital Management first reported a position in VWO in Q2 2013 and held it in 7 quarters. The position peaked at $2.44M in Q3 2014. 887 funds tracked by Wall St. Rank hold VWO as of Q1 2015.

Bares Capital Management reported no remaining Vanguard FTSE Emerging Markets ETF position as of Q1 2015 after selling out during the quarter.
Bares Capital Management sold 59,272 Vanguard FTSE Emerging Markets ETF shares in Q1 2015, an estimated $2.37M.
Bares Capital Management first reported a position in Vanguard FTSE Emerging Markets ETF in Q2 2013 and held it in 7 quarters.
Bares Capital Management's Vanguard FTSE Emerging Markets ETF position peaked at $2.44M in Q3 2014.
887 funds tracked by Wall St. Rank held Vanguard FTSE Emerging Markets ETF as of Q1 2015.

Based on Bares Capital Management's 13F filing for Q1 2015, filed 15 May 2015.