Howard Marks started to build up the position in BlackRock Institutional Trust Company N.A. - iShares MSCI Emerging Markets ETF in Q4 2008 and continued to invest until Q2 2015. Since then they sold 38 Thousand shares. The investor sold all their shares in Q4 2015 and doesn't own any shares in BlackRock Institutional Trust Company N.A. - iShares MSCI Emerging Markets ETF anymore.