Ensemble Capital Management’s Vanguard FTSE Developed Markets ETF VEA Stock Holding History

Ensemble Capital Management’s Portfolio VEA Stock Details VEA Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-14,800	Closed	-$543K	–	49
2015 Q4	$543K	Hold	14,800	–	–	0.16%	39
2015 Q3	$527K	Hold	14,800	–	–	0.17%	40
2015 Q2	$587K	Hold	14,800	–	–	0.18%	42
2015 Q1	$589K	Hold	14,800	–	–	0.18%	36
2014 Q4	$561K	Hold	14,800	–	–	0.19%	37
2014 Q3	$588K	Hold	14,800	–	–	0.2%	39
2014 Q2	$630K	Hold	14,800	–	–	0.22%	39
2014 Q1	$611K	Buy	14,800 +2,300	+18%	+$94.2K	0.24%	37
2013 Q4	$521K	Hold	12,500	–	–	0.21%	41
2013 Q3	$495K	Hold	12,500	–	–	0.22%	44
2013 Q2	$445K	Buy	+12,500	New	+$467K	0.21%	43

Other funds holding VEA

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

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

Betterment LLC New York $52.8B AUM 15.34% 1-Year Est. Return

Creative Planning Overland Park, Kansas $147B AUM 18.73% 1-Year Est. Return

MFRM

Milliman Financial Risk Management Chicago, Illinois $6.4B AUM 12.26% 1-Year Est. Return

Envestnet Asset Management Chicago, Illinois $374B AUM 17.66% 1-Year Est. Return

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

SCM

SCS Capital Management Boston, Massachusetts $9.44B AUM 18.1% 1-Year Est. Return

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

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Ensemble Capital Management's VEA Position: Q1 2016 in Review

Ensemble Capital Management sold out of Vanguard FTSE Developed Markets ETF (VEA) in Q1 2016, closing a stake of 14,800 shares — an estimated $543K sold.

Ensemble Capital Management first reported a position in VEA in Q2 2013 and held it in 11 quarters. The position peaked at $630K in Q2 2014. 626 funds tracked by Wall St. Rank hold VEA as of Q1 2016.

Ensemble Capital Management reported no remaining Vanguard FTSE Developed Markets ETF position as of Q1 2016 after selling out during the quarter.
Ensemble Capital Management sold 14,800 Vanguard FTSE Developed Markets ETF shares in Q1 2016, an estimated $543K.
Ensemble Capital Management first reported a position in Vanguard FTSE Developed Markets ETF in Q2 2013 and held it in 11 quarters.
Ensemble Capital Management's Vanguard FTSE Developed Markets ETF position peaked at $630K in Q2 2014.
626 funds tracked by Wall St. Rank held Vanguard FTSE Developed Markets ETF as of Q1 2016.

Based on Ensemble Capital Management's 13F filing for Q1 2016, filed 13 May 2016.