Brown Advisory’s Grupo Cibest S.A. American Depositary Shares (each representing four (4) Preferred Shares) CIB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2018 Q3	–	Sell	-157,073	Closed	-$7.51M	–	1337
2018 Q2	$7.51M	Buy	+157,073	New	+$7.51M	0.02%	370