Howard Hughes Medical Institute’s Vanguard FTSE Emerging Markets ETF VWO Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-600,000	Closed	-$24.7M	–	215
2013 Q4	$24.7M	Sell	600,000 -1,400,000	-70%	-$57.6M	3.72%	4
2013 Q3	$80.3M	Buy	2,000,000 +950,000	+90%	+$38.1M	12.3%	2
2013 Q2	$40.7M	Buy	+1,050,000	New	+$40.7M	13.41%	1