Birch Grove Capital’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
2024 Q3	$615K	Sell	507,100 -184,900	-27%	-$102M	6.97%	2
2024 Q2	$448K	Sell	692,000 -502,000	-42%	-$263M	4.91%	2
2024 Q1	$9.17K	Buy	1,194,000 +356,500	+43%	+$177M	0.07%	5
2023 Q4	$6.79K	Buy	837,500 +438,500	+110%	+$195M	0.03%	6
2023 Q3	$8.46K	Buy	399,000 +397,850	+34,596%	+$177M	0.01%	10
2023 Q2	$3.76K	Sell	1,150 -1,115	-49%	-$468K	0.01%	12
2023 Q1	$1.45M	Buy	+2,265	New	+$904K	1.33%	13
2022 Q2	–	Sell	-27,000	Closed	-$11K	–	50
2022 Q1	$11K	Buy	+27,000	New	+$12M	﹤0.01%	38
2021 Q4	–	Sell	-39,000	Closed	-$323K	–	58
2021 Q3	$323K	Sell	39,000 -52,500	-57%	-$23.2M	0.15%	46
2021 Q2	$360K	Sell	91,500 -31,800	-26%	-$13.3M	0.18%	39
2021 Q1	$472K	Sell	123,300 -58,700	-32%	-$22.6M	0.21%	44
2020 Q4	$1.05M	Buy	182,000 +29,500	+19%	+$10.5M	0.56%	37
2020 Q3	$922K	Sell	152,500 -82,300	-35%	-$27.3M	0.5%	41
2020 Q2	$1.54M	Buy	+234,800	New	+$68.7M	1.31%	13
2019 Q4	–	Sell	-165,000	Closed	-$14K	–	31
2019 Q3	$14K	Buy	165,000 +65,000	+65%	+$19.2M	0.01%	26
2019 Q2	$57K	Buy	+100,000	New	+$28.8M	0.04%	12
2019 Q1	–	Sell	-225,000	Closed	-$1.29M	–	33
2018 Q4	$1.29M	Sell	225,000 -225,000	-50%	-$60.7M	0.59%	18
2018 Q3	$554K	Buy	+450,000	New	+$128M	0.22%	20