Axel Capital Management’s Utilities Select Sector SPDR Fund XLU Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2019 Q4	–	Sell	-774,000	Closed	-$41.2M	–	19
2019 Q3	$41.2M	Hold	774,000	–	–	29.18%	1
2019 Q2	$46.2M	Sell	774,000 -152,000	-16%	-$9.06M	32.53%	1
2019 Q1	$53.9M	Buy	+926,000	New	+$53.9M	28.68%	2