Manifold Partners’s iShares MSCI USA Min Vol Factor ETF USMV Stock Holding History

Manifold Partners’s Portfolio USMV Stock Details USMV Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-295,041	Closed	-$13.4M	–	25
2016 Q3	$13.4M	Sell	295,041 -266,156	-47%	-$12.3M	11.32%	3
2016 Q2	$31.2M	Buy	561,197 +326,892	+140%	+$14.5M	24.85%	1
2016 Q1	$10.3M	Buy	234,305 +18,804	+9%	+$782K	9.26%	3
2015 Q4	$9.01M	Buy	215,501 +215,431	+307,759%	+$8.98M	7.96%	4
2015 Q3	$3K	Buy	+70	New	+$2.86K	﹤0.01%	77

Other funds holding USMV

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

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

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

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

NLI

Nippon Life Insurance Tokyo, Japan $6.04B AUM 4.21% 1-Year Est. Return

Citigroup New York $303B AUM 53.02% 1-Year Est. Return

Ameriprise Minneapolis, Minnesota $495B AUM 43.24% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

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

Manifold Partners's USMV Position: Q4 2016 in Review

Manifold Partners sold out of iShares MSCI USA Min Vol Factor ETF (USMV) in Q4 2016, closing a stake of 295,041 shares — an estimated $13.4M sold.

Manifold Partners first reported a position in USMV in Q3 2015 and held it in 5 quarters. The position peaked at $31.2M in Q2 2016. 330 funds tracked by Wall St. Rank hold USMV as of Q4 2016.

Manifold Partners reported no remaining iShares MSCI USA Min Vol Factor ETF position as of Q4 2016 after selling out during the quarter.
Manifold Partners sold 295,041 iShares MSCI USA Min Vol Factor ETF shares in Q4 2016, an estimated $13.4M.
Manifold Partners first reported a position in iShares MSCI USA Min Vol Factor ETF in Q3 2015 and held it in 5 quarters.
Manifold Partners's iShares MSCI USA Min Vol Factor ETF position peaked at $31.2M in Q2 2016.
330 funds tracked by Wall St. Rank held iShares MSCI USA Min Vol Factor ETF as of Q4 2016.

Based on Manifold Partners's 13F filing for Q4 2016, filed 26 Jan 2017.