Global Endowment Management’s BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND MFL Stock Holding History

Global Endowment Management’s Portfolio MFL Stock Details MFL Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-70,000	Closed	-$970K	–	252
2015 Q2	$970K	Sell	70,000 -14,800	-17%	-$207K	0.13%	147
2015 Q1	$1.22M	Hold	84,800	–	–	0.19%	130
2014 Q4	$1.21M	Hold	84,800	–	–	0.2%	134
2014 Q3	$1.18M	Sell	84,800 -32,000	-27%	-$439K	0.18%	131
2014 Q2	$1.62M	Hold	116,800	–	–	0.25%	121
2014 Q1	$1.56M	Hold	116,800	–	–	0.25%	129
2013 Q4	$1.46M	Buy	+116,800	New	+$1.48M	0.3%	127

Other funds holding MFL

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

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

SIA

Sit Investment Associates Minneapolis, Minnesota $4.93B AUM 12.22% 1-Year Est. Return

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

Guggenheim Capital Chicago, Illinois $12.9B AUM 27.3% 1-Year Est. Return

Cohen & Steers New York $57.6B AUM 8.03% 1-Year Est. Return

HighTower Advisors Chicago, Illinois $94.2B AUM 21.24% 1-Year Est. Return

MSL

Mackay Shields LLC New York $2.99B AUM 3.89% 1-Year Est. Return

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

KIM

Karpus Investment Management Pittsford, New York $3.21B AUM 6.83% 1-Year Est. Return

Global Endowment Management's MFL Position: Q3 2015 in Review

Global Endowment Management sold out of BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND (MFL) in Q3 2015, closing a stake of 70,000 shares — an estimated $970K sold.

Global Endowment Management first reported a position in MFL in Q4 2013 and held it in 7 quarters. The position peaked at $1.62M in Q2 2014. 46 funds tracked by Wall St. Rank hold MFL as of Q3 2015.

Global Endowment Management reported no remaining BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND position as of Q3 2015 after selling out during the quarter.
Global Endowment Management sold 70,000 BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND shares in Q3 2015, an estimated $970K.
Global Endowment Management first reported a position in BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND in Q4 2013 and held it in 7 quarters.
Global Endowment Management's BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND position peaked at $1.62M in Q2 2014.
46 funds tracked by Wall St. Rank held BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND as of Q3 2015.

Based on Global Endowment Management's 13F filing for Q3 2015, filed 9 Nov 2015.