Permanens Capital’s iShares MSCI USA Value Factor ETF VLUE Stock Holding History

Permanens Capital’s Portfolio VLUE Stock Details VLUE Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q1	–	Sell	-410,662	Closed	-$34.3M	–	25
2017 Q4	$34.3M	Sell	410,662 -76,821	-16%	-$6.21M	12.72%	3
2017 Q3	$37.7M	Sell	487,483 -32,387	-6%	-$2.43M	13.56%	2
2017 Q2	$38.2M	Buy	519,870 +6,110	+1%	+$448K	13.78%	3
2017 Q1	$37.6M	Buy	513,760 +120,495	+31%	+$8.76M	14.01%	4
2016 Q4	$27.6M	Buy	+393,265	New	+$26.6M	11.65%	4

Other funds holding VLUE

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return

PNC Financial Services Group Pittsburgh, Pennsylvania $202B AUM 37.79% 1-Year Est. Return

EMPI

Elo Mutual Pension Insurance Espoo, Finland $7.77B AUM 35.27% 1-Year Est. Return

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

USAA

United Services Automobile Association San Antonio, Texas $1.24B AUM 2.91% 1-Year Est. Return

BCI

Brinker Capital Investments Berwyn, Pennsylvania $13.1B AUM 28.37% 1-Year Est. Return

Diversified Trust Memphis, Tennessee $6.24B AUM 28.78% 1-Year Est. Return

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

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

Permanens Capital's VLUE Position: Q1 2018 in Review

Permanens Capital sold out of iShares MSCI USA Value Factor ETF (VLUE) in Q1 2018, closing a stake of 410,662 shares — an estimated $34.3M sold.

Permanens Capital first reported a position in VLUE in Q4 2016 and held it in 5 quarters. The position peaked at $38.2M in Q2 2017. 114 funds tracked by Wall St. Rank hold VLUE as of Q1 2018.

Permanens Capital reported no remaining iShares MSCI USA Value Factor ETF position as of Q1 2018 after selling out during the quarter.
Permanens Capital sold 410,662 iShares MSCI USA Value Factor ETF shares in Q1 2018, an estimated $34.3M.
Permanens Capital first reported a position in iShares MSCI USA Value Factor ETF in Q4 2016 and held it in 5 quarters.
Permanens Capital's iShares MSCI USA Value Factor ETF position peaked at $38.2M in Q2 2017.
114 funds tracked by Wall St. Rank held iShares MSCI USA Value Factor ETF as of Q1 2018.

Based on Permanens Capital's 13F filing for Q1 2018, filed 15 May 2018.