Confluence 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
2025 Q3	–	Sell	-99,157	Closed	-$8.03M	–	311
2025 Q2	$8.03M	Buy	+99,157	New	+$8.04M	0.11%	113
2023 Q1	–	Sell	-37,496	Closed	-$2.79M	–	324
2022 Q4	$2.79M	Buy	37,496 +3,174	+9%	+$231K	0.04%	171
2022 Q3	$2.29M	Buy	34,322 +2,183	+7%	+$160K	0.04%	178
2022 Q2	$2.32M	Buy	+32,139	New	+$2.41M	0.04%	180
2018 Q1	–	Sell	-21,501	Closed	-$1.22M	–	247
2017 Q4	$1.22M	Sell	21,501 -10,277	-32%	-$565K	0.02%	183
2017 Q3	$1.72M	Sell	31,778 -23,276	-42%	-$1.28M	0.03%	176
2017 Q2	$3.02M	Sell	55,054 -13,806	-20%	-$768K	0.06%	163
2017 Q1	$3.76M	Buy	68,860 +21,720	+46%	+$1.17M	0.08%	139
2016 Q4	$2.44M	Sell	47,140 -2,867	-6%	-$149K	0.06%	168
2016 Q3	$2.66M	Sell	50,007 -44,652	-47%	-$2.43M	0.07%	158
2016 Q2	$5.22M	Sell	94,659 -29,745	-24%	-$1.58M	0.14%	125
2016 Q1	$6.6M	Buy	124,404 +33,721	+37%	+$1.71M	0.2%	111
2015 Q4	$4.58M	Buy	90,683 +3,904	+4%	+$194K	0.15%	127
2015 Q3	$4.09M	Sell	86,779 -5,496	-6%	-$267K	0.15%	126
2015 Q2	$4.39M	Buy	92,275 +5,246	+6%	+$256K	0.16%	127
2015 Q1	$4.24M	Sell	87,029 -4,279	-5%	-$210K	0.16%	130
2014 Q4	$4.43M	Sell	91,308 -10,811	-11%	-$512K	0.18%	117
2014 Q3	$4.61M	Buy	102,119 +4,949	+5%	+$222K	0.21%	112
2014 Q2	$4.34M	Buy	97,170 +37,767	+64%	+$1.67M	0.2%	115
2014 Q1	$2.56M	Sell	59,403 -46,108	-44%	-$1.94M	0.13%	141
2013 Q4	$4.54M	Sell	105,511 -29,399	-22%	-$1.24M	0.25%	87
2013 Q3	$5.37M	Buy	134,910 +25,224	+23%	+$1.03M	0.33%	78
2013 Q2	$4.35M	Buy	+109,686	New	+$4.46M	0.3%	90