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

Ensemble 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 Q3	–	Sell	-18,200	Closed	-$744K	–	50
2015 Q2	$744K	Hold	18,200	–	–	0.22%	38
2015 Q1	$744K	Hold	18,200	–	–	0.23%	34
2014 Q4	$728K	Hold	18,200	–	–	0.25%	34
2014 Q3	$759K	Sell	18,200 -2,900	-14%	-$129K	0.26%	35
2014 Q2	$910K	Hold	21,100	–	–	0.32%	36
2014 Q1	$856K	Hold	21,100	–	–	0.34%	34
2013 Q4	$868K	Hold	21,100	–	–	0.35%	36
2013 Q3	$847K	Hold	21,100	–	–	0.37%	39
2013 Q2	$819K	Buy	+21,100	New	+$885K	0.38%	37

Other funds holding VWO

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

Bridgewater Associates Westport, Connecticut $24.4B AUM 40.93% 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

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 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

WIM

Windhaven Investment Management Boston, Massachusetts $7.79B AUM 7.81% 1-Year Est. Return

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

Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada $128B AUM 35.83% 1-Year Est. Return

Ensemble Capital Management's VWO Position: Q3 2015 in Review

Ensemble Capital Management sold out of Vanguard FTSE Emerging Markets ETF (VWO) in Q3 2015, closing a stake of 18,200 shares — an estimated $744K sold.

Ensemble Capital Management first reported a position in VWO in Q2 2013 and held it in 9 quarters. The position peaked at $910K in Q2 2014. 829 funds tracked by Wall St. Rank hold VWO as of Q3 2015.

Ensemble Capital Management reported no remaining Vanguard FTSE Emerging Markets ETF position as of Q3 2015 after selling out during the quarter.
Ensemble Capital Management sold 18,200 Vanguard FTSE Emerging Markets ETF shares in Q3 2015, an estimated $744K.
Ensemble Capital Management first reported a position in Vanguard FTSE Emerging Markets ETF in Q2 2013 and held it in 9 quarters.
Ensemble Capital Management's Vanguard FTSE Emerging Markets ETF position peaked at $910K in Q2 2014.
829 funds tracked by Wall St. Rank held Vanguard FTSE Emerging Markets ETF as of Q3 2015.

Based on Ensemble Capital Management's 13F filing for Q3 2015, filed 10 Nov 2015.