Confluence Investment Management’s State Street Health Care Select Sector SPDR ETF XLV Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2023 Q1	–	Sell	-37,215	Closed	-$5.06M	–	325
2022 Q4	$5.06M	Buy	37,215 +2,887	+8%	+$383K	0.08%	144
2022 Q3	$4.16M	Buy	34,328 +1,985	+6%	+$256K	0.07%	154
2022 Q2	$4.15M	Buy	32,343 +1,496	+5%	+$196K	0.06%	159
2022 Q1	$4.23M	Buy	+30,847	New	+$4.08M	0.06%	163
2019 Q2	–	Sell	-29,841	Closed	-$2.74M	–	304
2019 Q1	$2.74M	Buy	+29,841	New	+$2.69M	0.05%	166
2018 Q1	–	Sell	-78,226	Closed	-$6.47M	–	248
2017 Q4	$6.47M	Buy	78,226 +944	+1%	+$77.8K	0.12%	116
2017 Q3	$6.32M	Sell	77,282 -8,671	-10%	-$696K	0.12%	119
2017 Q2	$6.81M	Buy	85,953 +10,520	+14%	+$802K	0.14%	119
2017 Q1	$5.61M	Buy	75,433 +23,977	+47%	+$1.75M	0.13%	120
2016 Q4	$3.55M	Buy	51,456 +13,731	+36%	+$953K	0.09%	141
2016 Q3	$2.72M	Sell	37,725 -27,929	-43%	-$2.06M	0.07%	157
2016 Q2	$4.71M	Buy	65,654 +9,337	+17%	+$658K	0.13%	130
2016 Q1	$3.82M	Sell	56,317 -7,458	-12%	-$500K	0.11%	133
2015 Q4	$4.59M	Sell	63,775 -27,172	-30%	-$1.92M	0.15%	126
2015 Q3	$6.02M	Sell	90,947 -2,033	-2%	-$149K	0.22%	113
2015 Q2	$6.92M	Buy	92,980 +2,472	+3%	+$183K	0.25%	103
2015 Q1	$6.56M	Sell	90,508 -6,601	-7%	-$471K	0.25%	103
2014 Q4	$6.64M	Buy	97,109 +32,338	+50%	+$2.16M	0.27%	88
2014 Q3	$4.14M	Sell	64,771 -7,434	-10%	-$466K	0.18%	120
2014 Q2	$4.39M	Buy	72,205 +6,631	+10%	+$390K	0.2%	114
2014 Q1	$3.83M	Sell	65,574 -19,987	-23%	-$1.15M	0.19%	122
2013 Q4	$4.74M	Sell	85,561 -101,160	-54%	-$5.41M	0.26%	83
2013 Q3	$9.45M	Buy	186,721 +30,770	+20%	+$1.55M	0.59%	62
2013 Q2	$7.42M	Buy	+155,951	New	+$7.47M	0.51%	69