Forty4 Asset Management’s iShares MSCI Brazil ETF EWZ Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2013 Q4	–	Sell	-51,500	Closed	-$2.47M	–	107
2013 Q3	$2.47M	Sell	51,500 -7,700	-13%	-$369K	0.92%	19
2013 Q2	$2.6M	Buy	+59,200	New	+$2.6M	0.91%	22