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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2023 Q1	–	Sell	-8,768	Closed	-$999K	–	35
2022 Q4	$999K	Hold	8,768	–	–	0.24%	18
2022 Q3	$911K	Sell	8,768 -209,607	-96%	-$24.5M	0.21%	24
2022 Q2	$24.4M	Sell	218,375 -129,115	-37%	-$15.8M	4.91%	6
2022 Q1	$46.8M	Buy	347,490 +291,423	+520%	+$38.7M	7.25%	3
2021 Q4	$8.16M	Buy	+56,067	New	+$7.92M	1.29%	19
2019 Q4	–	Sell	-31	Closed	-$3K	–	139
2019 Q3	$3K	Hold	31	–	–	﹤0.01%	90
2019 Q2	$3K	Sell	31 -55	-64%	-$4.95K	﹤0.01%	91
2019 Q1	$8K	Buy	+86	New	+$7.24K	﹤0.01%	71
2018 Q4	–	Sell	-315,556	Closed	-$28.5M	–	22
2018 Q3	$28.5M	Buy	315,556 +17,143	+6%	+$1.51M	9.69%	5
2018 Q2	$24.9M	Sell	298,413 -577	-0.2%	-$48.3K	9.44%	4
2018 Q1	$24.7M	Sell	298,990 -146,690	-33%	-$12.4M	9.84%	5
2017 Q4	$36.9M	Sell	445,680 -349	-0.1%	-$28.1K	13.69%	2
2017 Q3	$34.4M	Buy	446,029 +4,064	+0.9%	+$307K	12.38%	4
2017 Q2	$32.9M	Buy	441,965 +51,121	+13%	+$3.77M	11.84%	4
2017 Q1	$28.5M	Buy	390,844 +79,628	+26%	+$5.71M	10.61%	5
2016 Q4	$21.5M	Buy	+311,216	New	+$21.1M	9.08%	6