Valiant Capital 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
2022 Q4	–	Sell	-1,430,000	Closed	-$49.9M	–	22
2022 Q3	$49.9M	Buy	+1,430,000	New	+$55.8M	4.98%	4
2019 Q4	–	Sell	-2,225,000	Closed	-$90.9M	–	16
2019 Q3	$90.9M	Sell	2,225,000 -1,275,000	-36%	-$52.6M	4.96%	5
2019 Q2	$150M	Hold	3,500,000	–	–	12.18%	3
2019 Q1	$150M	Sell	3,500,000 -325,000	-8%	-$13.7M	13.48%	2
2018 Q4	$149M	Buy	3,825,000 +425,000	+13%	+$17M	14.08%	2
2018 Q3	$146M	Hold	3,400,000	–	–	12.9%	2
2018 Q2	$147M	Buy	3,400,000 +1,300,000	+62%	+$60.2M	13.69%	2
2018 Q1	$101M	Sell	2,100,000 -1,100,000	-34%	-$53.9M	9.27%	3
2017 Q4	$151M	Sell	3,200,000 -100,000	-3%	-$4.63M	11.27%	3
2017 Q3	$148M	Buy	3,300,000 +800,000	+32%	+$35.2M	11.31%	2
2017 Q2	$103M	Buy	2,500,000 +500,000	+25%	+$20.4M	5.63%	4
2017 Q1	$78.8M	Buy	+2,000,000	New	+$76M	4.3%	6
2014 Q1	–	Sell	-6,500,000	Closed	-$272M	–	16
2013 Q4	$272M	Buy	6,500,000 +3,000,000	+86%	+$126M	19.6%	1
2013 Q3	$143M	Buy	+3,500,000	New	+$139M	12.24%	1