Asia Research & Capital Management’s Energy Select Sector SPDR Fund XLE Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2020 Q1	–	Sell	-324,000	Closed	-$19.5M	–	4
2019 Q4	$19.5M	Buy	+324,000	New	+$19.5M	25.1%	2
2019 Q3	–	Sell	-776,064	Closed	-$49.4M	–	3
2019 Q2	$49.4M	Buy	+776,064	New	+$49.4M	25.7%	2