Permanens Capital’s iShares MSCI Emerging Markets ex China ETF EMXC Stock Holding History

Permanens Capital’s Portfolio EMXC Stock Details EMXC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-401,493	Closed	-$25.4M	–	75
2025 Q2	$25.4M	Buy	401,493 +3,860	+1%	+$225K	3.46%	8
2025 Q1	$21.9M	Buy	397,633 +94,352	+31%	+$5.29M	3.98%	7
2024 Q4	$16.8M	Sell	303,281 -470,844	-61%	-$27.6M	3.21%	7
2024 Q3	$47.3M	Sell	774,125 -919,789	-54%	-$55.2M	9.61%	3
2024 Q2	$100M	Buy	1,693,914 +458,286	+37%	+$26.4M	10.24%	3
2024 Q1	$71.1M	Buy	1,235,628 +707,267	+134%	+$39.3M	8.74%	4
2023 Q4	$29.3M	Buy	528,361 +112,392	+27%	+$5.79M	5.7%	5
2023 Q3	$20.7M	Buy	415,969 +133,801	+47%	+$6.94M	3.54%	7
2023 Q2	$14.7M	Sell	282,168 -85,788	-23%	-$4.35M	3.38%	7
2023 Q1	$18.2M	Buy	+367,956	New	+$18.2M	3.94%	6

Other funds holding EMXC

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Bank of New York Mellon New York $609B AUM 40.19% 1-Year Est. Return

Northern Trust Chicago, Illinois $860B AUM 41.15% 1-Year Est. Return

Northwestern Mutual Wealth Management Milwaukee, Wisconsin $187B AUM 21.7% 1-Year Est. Return

Ameriprise Minneapolis, Minnesota $495B AUM 43.24% 1-Year Est. Return

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

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

Teacher Retirement System of Texas Austin, Texas $37.3B AUM 38.63% 1-Year Est. Return

RBA

Richard Bernstein Advisors New York $3.45B AUM 16.24% 1-Year Est. Return

CFB

Cullen/Frost Bankers San Antonio, Texas $10.1B AUM 29.18% 1-Year Est. Return

Permanens Capital's EMXC Position: Q3 2025 in Review

Permanens Capital sold out of iShares MSCI Emerging Markets ex China ETF (EMXC) in Q3 2025, closing a stake of 401,493 shares — an estimated $25.4M sold.

Permanens Capital first reported a position in EMXC in Q1 2023 and held it in 10 quarters. The position peaked at $100M in Q2 2024. 793 funds tracked by Wall St. Rank hold EMXC as of Q3 2025.

Permanens Capital reported no remaining iShares MSCI Emerging Markets ex China ETF position as of Q3 2025 after selling out during the quarter.
Permanens Capital sold 401,493 iShares MSCI Emerging Markets ex China ETF shares in Q3 2025, an estimated $25.4M.
Permanens Capital first reported a position in iShares MSCI Emerging Markets ex China ETF in Q1 2023 and held it in 10 quarters.
Permanens Capital's iShares MSCI Emerging Markets ex China ETF position peaked at $100M in Q2 2024.
793 funds tracked by Wall St. Rank held iShares MSCI Emerging Markets ex China ETF as of Q3 2025.

Based on Permanens Capital's 13F filing for Q3 2025, filed 14 Nov 2025.