Sigma Investment Management’s Vanguard FTSE All-World ex-US ETF VEU Stock Holding History

Sigma Investment Management’s Portfolio VEU Stock Details VEU Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-70,219	Closed	-$3.05M	–	24
2015 Q4	$3.05M	Buy	70,219 +36,403	+108%	+$1.63M	1.87%	11
2015 Q3	$1.44M	Sell	33,816 -1,271	-4%	-$58.7K	0.94%	14
2015 Q2	$1.7M	Hold	35,087	–	–	1.04%	14
2015 Q1	$1.71M	Sell	35,087 -16,489	-32%	-$793K	1.05%	14
2014 Q4	$2.42M	Buy	51,576 +22,203	+76%	+$1.07M	1.5%	13
2014 Q3	$1.45M	Sell	29,373 -92	-0.3%	-$4.75K	1.03%	12
2014 Q2	$1.54M	Sell	29,465 -1,397	-5%	-$72K	1.06%	12
2014 Q1	$1.55M	Sell	30,862 -3,311	-10%	-$164K	1.09%	13
2013 Q4	$1.73M	Buy	34,173 +2,556	+8%	+$127K	1.16%	12
2013 Q3	$1.54M	Sell	31,617 -10,997	-26%	-$516K	1.08%	13
2013 Q2	$1.88M	Buy	+42,614	New	+$1.99M	1.4%	12

Other funds holding VEU

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

Valmark Advisers Akron, Ohio $8.42B AUM 14.36% 1-Year Est. Return

Jones Financial Companies Des Peres, Missouri $208B AUM 16.12% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

MFRM

Milliman Financial Risk Management Chicago, Illinois $6.4B AUM 12.26% 1-Year Est. Return

PNC Financial Services Group Pittsburgh, Pennsylvania $173B AUM 20.72% 1-Year Est. Return

QS Investors New York $8.47B AUM 30.71% 1-Year Est. Return

FMI

Factory Mutual Insurance Waltham, Massachusetts $8.89B AUM 25.87% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Sigma Investment Management's VEU Position: Q1 2016 in Review

Sigma Investment Management sold out of Vanguard FTSE All-World ex-US ETF (VEU) in Q1 2016, closing a stake of 70,219 shares — an estimated $3.05M sold.

Sigma Investment Management first reported a position in VEU in Q2 2013 and held it in 11 quarters. The position peaked at $3.05M in Q4 2015. 499 funds tracked by Wall St. Rank hold VEU as of Q1 2016.

Sigma Investment Management reported no remaining Vanguard FTSE All-World ex-US ETF position as of Q1 2016 after selling out during the quarter.
Sigma Investment Management sold 70,219 Vanguard FTSE All-World ex-US ETF shares in Q1 2016, an estimated $3.05M.
Sigma Investment Management first reported a position in Vanguard FTSE All-World ex-US ETF in Q2 2013 and held it in 11 quarters.
Sigma Investment Management's Vanguard FTSE All-World ex-US ETF position peaked at $3.05M in Q4 2015.
499 funds tracked by Wall St. Rank held Vanguard FTSE All-World ex-US ETF as of Q1 2016.

Based on Sigma Investment Management's 13F filing for Q1 2016, filed 16 May 2016.