Valentine Capital Asset Management’s iShares MSCI South Africa ETF EZA Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-20,090	Closed	-$1.08M	–	190
2015 Q3	$1.08M	Sell	20,090 -5,700	-22%	-$306K	0.95%	43
2015 Q2	$1.69M	Sell	25,790 -21,800	-46%	-$1.43M	1.14%	42
2015 Q1	$3.19M	Sell	47,590 -11,500	-19%	-$771K	0.93%	47
2014 Q4	$3.83M	Buy	+59,090	New	+$3.83M	0.93%	47