Serengeti Asset Management’s iShares MSCI Emerging Markets ETF EEM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q4	–	Sell	-670,000	Closed	-$27.4M	–	22
2019 Q3	$27.4M	Buy	670,000 +170,000	+34%	+$7.02M	13.31%	2
2019 Q2	$21.5M	Sell	500,000 -150,000	-23%	-$6.37M	5.69%	8
2019 Q1	$27.9M	Sell	650,000 -50,000	-7%	-$2.1M	7.88%	4
2018 Q4	$27.3M	Sell	700,000 -50,000	-7%	-$2M	8.6%	4
2018 Q3	$32.2M	Sell	750,000 -50,000	-6%	-$2.16M	5.14%	8
2018 Q2	$34.7M	Buy	800,000 +150,000	+23%	+$6.94M	6.95%	4
2018 Q1	$31.4M	Buy	650,000 +150,000	+30%	+$7.35M	5.99%	7
2017 Q4	$23.6M	Hold	500,000	–	–	4.61%	9
2017 Q3	$22.4M	Sell	500,000 -1,200,000	-71%	-$52.8M	3.84%	10
2017 Q2	$70.4M	Buy	1,700,000 +700,000	+70%	+$28.5M	10.22%	2
2017 Q1	$39.4M	Sell	1,000,000 -50,000	-5%	-$1.9M	7.66%	5
2016 Q4	$36.8M	Buy	+1,050,000	New	+$37.9M	7.85%	5
2015 Q2	–	Sell	-2,000,000	Closed	-$80.3K	–	51
2015 Q1	$80.3K	Buy	+2,000,000	New	+$79.6M	4.79%	5
2014 Q2	–	Sell	-430,000	Closed	-$17.6M	–	49
2014 Q1	$17.6M	Buy	+430,000	New	+$16.9M	1.54%	22