PAR Capital Management’s iShares MSCI USA Quality Factor ETF QUAL Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2023 Q1	–	Sell	-1,637,000	Closed	-$187M	–	44
2022 Q4	$187M	Sell	1,637,000 -95,600	-6%	-$10.9M	6.71%	6
2022 Q3	$180M	Buy	+1,732,600	New	+$180M	6.68%	7