Axar Capital Management’s State Street SPDR S&P 500 ETF Trust SPY Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q3	–	Sell	-1,700,000	Closed	-$503M	–	5
2019 Q2	$503M	Sell	1,700,000 -800,000	-32%	-$230M	95.83%	1
2019 Q1	$706M	Buy	2,500,000 +1,280,000	+105%	+$348M	92.24%	1
2018 Q4	$305M	Sell	1,220,000 -1,970,000	-62%	-$531M	91.31%	1
2018 Q3	$927M	Buy	3,190,000 +1,870,000	+142%	+$533M	94.45%	1
2018 Q2	$358M	Buy	1,320,000 +330,000	+33%	+$89.1M	60.33%	1
2018 Q1	$261M	Sell	990,000 -230,000	-19%	-$62.8M	81.14%	1
2017 Q4	$326M	Sell	1,220,000 -350,000	-22%	-$91M	84.09%	1
2017 Q3	$394M	Buy	1,570,000 +690,000	+78%	+$170M	80.45%	1
2017 Q2	$213M	Sell	880,000 -630,000	-42%	-$151M	67.26%	1
2017 Q1	$1.05M	Sell	1,510,000 -790,000	-34%	-$184M	3.48%	5
2016 Q4	$514M	Sell	2,300,000 -420,000	-15%	-$91.8M	46.92%	2
2016 Q3	$588M	Buy	2,720,000 +1,455,000	+115%	+$315M	95.63%	1
2016 Q2	$265M	Buy	+1,265,000	New	+$262M	90.46%	1
2016 Q1	–	Sell	-600,000	Closed	-$122M	–	14
2015 Q4	$122M	Buy	+600,000	New	+$123M	37.46%	1