Narwhal Capital Management’s iShares Frontier and Select EM ETF FM Stock Holding History

Narwhal Capital Management’s Portfolio FM Stock Details FM Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-13,100	Closed	-$336K	–	147
2016 Q3	$336K	Hold	13,100	–	–	0.11%	116
2016 Q2	$321K	Hold	13,100	–	–	0.1%	117
2016 Q1	$322K	Hold	13,100	–	–	0.11%	116
2015 Q4	$326K	Hold	13,100	–	–	0.11%	119
2015 Q3	$329K	Hold	13,100	–	–	0.12%	118
2015 Q2	$383K	Hold	13,100	–	–	0.14%	120
2015 Q1	$390K	Hold	13,100	–	–	0.14%	116
2014 Q4	$403K	Hold	13,100	–	–	0.16%	114
2014 Q3	$496K	Hold	13,100	–	–	0.2%	118
2014 Q2	$473K	Hold	13,100	–	–	0.18%	119
2014 Q1	$475K	Hold	13,100	–	–	0.2%	113
2013 Q4	$442K	Hold	13,100	–	–	0.18%	118
2013 Q3	$413K	Hold	13,100	–	–	0.2%	115
2013 Q2	$385K	Buy	+13,100	New	+$401K	0.19%	112

Other funds holding FM

William Blair Investment Management Chicago, Illinois $33.3B AUM 44.76% 1-Year Est. Return

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

BOTW

Bank of the West Monterey Park, California $851M AUM 15.39% 1-Year Est. Return

Envestnet Asset Management Chicago, Illinois $424B AUM 22.9% 1-Year Est. Return

Jane Street New York $1.21T AUM 78.12% 1-Year Est. Return

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

Arax Advisory Partners Denver, Colorado $15.1B AUM 27.93% 1-Year Est. Return

BWA

Burt Wealth Advisors North Bethesda, Maryland $407M AUM 11.98% 1-Year Est. Return

SCM

Stonehearth Capital Management Danvers, Massachusetts $292M AUM 22.71% 1-Year Est. Return

BlackRock Japan Tokyo, Japan $30.3B AUM 13.85% 1-Year Est. Return

Narwhal Capital Management's FM Position: Q4 2016 in Review

Narwhal Capital Management sold out of iShares Frontier and Select EM ETF (FM) in Q4 2016, closing a stake of 13,100 shares — an estimated $336K sold.

Narwhal Capital Management first reported a position in FM in Q2 2013 and held it in 14 quarters. The position peaked at $496K in Q3 2014. 92 funds tracked by Wall St. Rank hold FM as of Q4 2016.

Narwhal Capital Management reported no remaining iShares Frontier and Select EM ETF position as of Q4 2016 after selling out during the quarter.
Narwhal Capital Management sold 13,100 iShares Frontier and Select EM ETF shares in Q4 2016, an estimated $336K.
Narwhal Capital Management first reported a position in iShares Frontier and Select EM ETF in Q2 2013 and held it in 14 quarters.
Narwhal Capital Management's iShares Frontier and Select EM ETF position peaked at $496K in Q3 2014.
92 funds tracked by Wall St. Rank held iShares Frontier and Select EM ETF as of Q4 2016.

Based on Narwhal Capital Management's 13F filing for Q4 2016, filed 25 Jan 2017.