Carronade 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
2026 Q1	$5.9B	Buy	9,075,000 +1,950,000	+27%	+$1.33B	77.13%	1
2025 Q4	$4.86B	Buy	7,125,000 +2,425,000	+52%	+$1.64B	66.2%	1
2025 Q3	$3.13B	Buy	+4,700,000	New	+$3.01B	72.35%	1
2025 Q1	–	Sell	-1,500,000	Closed	-$879M	–	40
2024 Q4	$879M	Buy	1,500,000 +800,000	+114%	+$471M	46.88%	1
2024 Q3	$402M	Sell	700,000 -700,000	-50%	-$387M	26.45%	1
2024 Q2	$762M	Buy	1,400,000 +850,000	+155%	+$445M	40.07%	1
2024 Q1	$288M	Sell	550,000 -600,000	-52%	-$299M	18.01%	2
2023 Q4	$547M	Buy	+1,150,000	New	+$512M	62.67%	1
2023 Q2	–	Sell	-10,000	Closed	-$85K	–	22
2023 Q1	$85K	Buy	+10,000	New	+$3.99M	0.03%	20
2022 Q4	–	Sell	-950,000	Closed	-$339M	–	31
2022 Q3	$339M	Sell	950,000 -50,000	-5%	-$19.9M	37.76%	1
2022 Q2	$377M	Buy	1,000,000 +800,000	+400%	+$328M	53.43%	1
2022 Q1	$90.3M	Buy	+200,000	New	+$89M	6.44%	3