Brown Advisory’s Goldman Sachs ActiveBeta Emerging Markets Equity ETF GEM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q2	–	Sell	-11,968	Closed	-$397K	–	1380
2025 Q1	$397K	Buy	+11,968	New	+$394K	﹤0.01%	1054
2022 Q2	–	Sell	-6,215	Closed	-$211K	–	1119
2022 Q1	$211K	Hold	6,215	–	–	﹤0.01%	1055
2021 Q4	$230K	Buy	+6,215	New	+$231K	﹤0.01%	1133
2020 Q4	–	Sell	-8,045	Closed	-$264K	–	1030
2020 Q3	$264K	Sell	8,045 -795	-9%	-$26.2K	﹤0.01%	842
2020 Q2	$268K	Hold	8,840	–	–	﹤0.01%	834
2020 Q1	$231K	Sell	8,840 -80	-0.9%	-$2.52K	﹤0.01%	835
2019 Q4	$306K	Buy	+8,920	New	+$293K	﹤0.01%	877
2018 Q1	–	Sell	-9,890	Closed	-$354K	–	1206
2017 Q4	$354K	Hold	9,890	–	–	﹤0.01%	981
2017 Q3	$331K	Hold	9,890	–	–	﹤0.01%	986
2017 Q2	$309K	Hold	9,890	–	–	﹤0.01%	1005
2017 Q1	$296K	Buy	9,890 +1,675	+20%	+$48.6K	﹤0.01%	982
2016 Q4	$220K	Hold	8,215	–	–	﹤0.01%	1047
2016 Q3	$234K	Hold	8,215	–	–	﹤0.01%	955
2016 Q2	$218K	Buy	+8,215	New	+$212K	﹤0.01%	954