Noesis Capital Mangement’s VanEck Semiconductor ETF SMH Stock Holding History

Noesis Capital Mangement’s Portfolio SMH Stock Details SMH Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-22,978	Closed	-$627K	–	101
2015 Q2	$627K	Buy	22,978 +136	+0.6%	+$3.86K	0.27%	71
2015 Q1	$632K	Sell	22,842 -788	-3%	-$21.8K	0.26%	75
2014 Q4	$645K	Buy	23,630 +172	+0.7%	+$4.48K	0.27%	76
2014 Q3	$599K	Buy	23,458 +2,870	+14%	+$72.6K	0.26%	79
2014 Q2	$509K	Buy	+20,588	New	+$476K	0.23%	82

Other funds holding SMH

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

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

Citigroup New York $235B AUM 32.99% 1-Year Est. Return

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

BNP Paribas Financial Markets Paris, France $206B AUM 31.61% 1-Year Est. Return

Credit Suisse Zurich, Switzerland $104B AUM 34.76% 1-Year Est. Return

SG Americas Securities New York $92.9B AUM 36.98% 1-Year Est. Return

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

Susquehanna International Group Bala Cynwyd, Pennsylvania $893B AUM 36.07% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

Noesis Capital Mangement's SMH Position: Q3 2015 in Review

Noesis Capital Mangement sold out of VanEck Semiconductor ETF (SMH) in Q3 2015, closing a stake of 22,978 shares — an estimated $627K sold.

Noesis Capital Mangement first reported a position in SMH in Q2 2014 and held it in 5 quarters. The position peaked at $645K in Q4 2014. 56 funds tracked by Wall St. Rank hold SMH as of Q3 2015.

Noesis Capital Mangement reported no remaining VanEck Semiconductor ETF position as of Q3 2015 after selling out during the quarter.
Noesis Capital Mangement sold 22,978 VanEck Semiconductor ETF shares in Q3 2015, an estimated $627K.
Noesis Capital Mangement first reported a position in VanEck Semiconductor ETF in Q2 2014 and held it in 5 quarters.
Noesis Capital Mangement's VanEck Semiconductor ETF position peaked at $645K in Q4 2014.
56 funds tracked by Wall St. Rank held VanEck Semiconductor ETF as of Q3 2015.

Based on Noesis Capital Mangement's 13F filing for Q3 2015, filed 12 Nov 2015.