Baldwin Investment Management’s State Street Consumer Staples Select Sector SPDR ETF XLP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2021 Q1	–	Sell	-3,900	Closed	-$263K	–	256
2020 Q4	$263K	Hold	3,900	–	–	0.05%	204
2020 Q3	$250K	Hold	3,900	–	–	0.06%	181
2020 Q2	$229K	Hold	3,900	–	–	0.07%	147
2020 Q1	$212K	Hold	3,900	–	–	0.07%	139
2019 Q4	$246K	Hold	3,900	–	–	0.07%	153
2019 Q3	$240K	Hold	3,900	–	–	0.07%	148
2019 Q2	$226K	Hold	3,900	–	–	0.07%	154
2019 Q1	$219K	Buy	+3,900	New	+$209K	0.07%	156
2018 Q4	–	Sell	-3,900	Closed	-$210K	–	170
2018 Q3	$210K	Sell	3,900 -1,850	-32%	-$99.3K	0.06%	165
2018 Q2	$296K	Hold	5,750	–	–	0.09%	142
2018 Q1	$303K	Hold	5,750	–	–	0.11%	94
2017 Q4	$327K	Hold	5,750	–	–	0.12%	92
2017 Q3	$310K	Hold	5,750	–	–	0.12%	95
2017 Q2	$316K	Hold	5,750	–	–	0.13%	93
2017 Q1	$314K	Hold	5,750	–	–	0.12%	101
2016 Q4	$297K	Hold	5,750	–	–	0.12%	100
2016 Q3	$306K	Hold	5,750	–	–	0.13%	102
2016 Q2	$317K	Hold	5,750	–	–	0.14%	94
2016 Q1	$305K	Hold	5,750	–	–	0.13%	97
2015 Q4	$290K	Hold	5,750	–	–	0.13%	104
2015 Q3	$271K	Hold	5,750	–	–	0.12%	113
2015 Q2	$274K	Sell	5,750 -125	-2%	-$6.11K	0.11%	115
2015 Q1	$286K	Hold	5,875	–	–	0.11%	115
2014 Q4	$285K	Hold	5,875	–	–	0.11%	115
2014 Q3	$265K	Sell	5,875 -125	-2%	-$5.61K	0.11%	119
2014 Q2	$268K	Hold	6,000	–	–	0.12%	118
2014 Q1	$258K	Hold	6,000	–	–	0.11%	116
2013 Q4	$258K	Hold	6,000	–	–	0.12%	118
2013 Q3	$239K	Hold	6,000	–	–	0.12%	114
2013 Q2	$238K	Buy	+6,000	New	+$244K	0.12%	108