Interest in our capital flows work has risen sharply since the EM sell-off, with many asking where and how much foreign investor positioning has changed. Foreign capital flows to EM are a key, but incomplete, part of the positioning story, since they capture buying and selling, but not all the valuation changes in between. We unveil a new database that adds valuation changes to our existing flows work, giving, to our knowledge, the most complete and up-to-date EM positioning snapshot. It is most complete since it is based on official balance of payments data across EM. It is timely as it incorporates high frequency tracking of flows and valuation changes. Brazil is the most under-positioned EM, while South Africa is most over-positioned.