Element Capital Management’s ZTO Express ZTO Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2019 Q2	–	Sell	-1,052,697	Closed	-$19.2M	–	760
2019 Q1	$19.2M	Buy	+1,052,697	New	+$19.2M	0.59%	29
2017 Q1	–	Sell	-700,000	Closed	-$8.45M	–	66
2016 Q4	$8.45M	Buy	+700,000	New	+$8.45M	0.87%	24