Okumus Fund Management’s iShares MSCI Brazil ETF EWZ Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-4,892,800	Closed	-$101M	–	13
2015 Q4	$101M	Hold	4,892,800	–	–	11.51%	5
2015 Q3	$107M	Buy	+4,892,800	New	+$107M	14.05%	4
2015 Q2	–	Sell	-1,090,927	Closed	-$34.2M	–	8
2015 Q1	$34.2M	Buy	+1,090,927	New	+$34.2M	7.49%	5