BBT Capital Management’s Materials Select Sector SPDR Fund XLB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q3	–	Sell	-50,000	Closed	-$2.48M	–	243
2014 Q2	$2.48M	Buy	+50,000	New	+$2.48M	0.15%	123
2014 Q1	–	Sell	-192,500	Closed	-$8.9M	–	278
2013 Q4	$8.9M	Sell	192,500 -385,383	-67%	-$17.8M	0.41%	45
2013 Q3	$24.3M	Buy	+577,883	New	+$24.3M	1.23%	9