Welch Capital Partners’s Vanguard FTSE Emerging Markets ETF VWO Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-418,690	Closed	-$17.2M	–	40
2013 Q4	$17.2M	Buy	418,690 +40,964	+11%	+$1.69M	5.77%	1
2013 Q3	$15.2M	Sell	377,726 -189,070	-33%	-$7.59M	5.19%	1
2013 Q2	$22M	Buy	+566,796	New	+$22M	7.69%	1