Montpelier Re Holdings’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
2015 Q1	$67M	Sell	624,500 -320,346	-34%	-$34.4M	28.56%	2
2014 Q4	$37.8M	Buy	944,846 +117,300	+14%	+$4.69M	17.92%	4
2014 Q3	$34.5M	Buy	827,546 +38,646	+5%	+$1.61M	17.46%	4
2014 Q2	$34M	Buy	+788,900	New	+$34M	23.66%	3