Confluence Investment Management’s State Street Consumer Discretionary Select Sector SPDR ETF XLY Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2021 Q1	–	Sell	-51,356	Closed	-$4.13M	–	316
2020 Q4	$4.13M	Sell	51,356 -4,542	-8%	-$350K	0.06%	157
2020 Q3	$4.11M	Sell	55,898 -9,796	-15%	-$693K	0.07%	142
2020 Q2	$4.2M	Buy	65,694 +18	+0%	+$1.06K	0.07%	140
2020 Q1	$3.22M	Buy	+65,676	New	+$3.88M	0.06%	160
2018 Q1	–	Sell	-92,022	Closed	-$4.54M	–	249
2017 Q4	$4.54M	Buy	92,022 +1,054	+1%	+$49.6K	0.08%	140
2017 Q3	$4.1M	Sell	90,968 -37,456	-29%	-$1.68M	0.08%	142
2017 Q2	$5.75M	Buy	128,424 +15,552	+14%	+$696K	0.12%	127
2017 Q1	$4.96M	Buy	112,872 +18,332	+19%	+$785K	0.11%	130
2016 Q4	$3.85M	Sell	94,540 -8,310	-8%	-$336K	0.09%	139
2016 Q3	$4.12M	Sell	102,850 -99,050	-49%	-$3.99M	0.11%	139
2016 Q2	$7.88M	Sell	201,900 -35,710	-15%	-$1.41M	0.22%	110
2016 Q1	$9.4M	Buy	237,610 +8,900	+4%	+$332K	0.28%	79
2015 Q4	$8.94M	Buy	228,710 +34,588	+18%	+$1.37M	0.29%	83
2015 Q3	$7.21M	Sell	194,122 -9,158	-5%	-$352K	0.26%	92
2015 Q2	$7.77M	Buy	203,280 +11,714	+6%	+$448K	0.28%	82
2015 Q1	$7.22M	Sell	191,566 -2,958	-2%	-$109K	0.27%	90
2014 Q4	$7.02M	Buy	194,524 +24,636	+15%	+$845K	0.29%	84
2014 Q3	$5.67M	Sell	169,888 -48,874	-22%	-$1.65M	0.25%	97
2014 Q2	$7.3M	Buy	218,762 +38,056	+21%	+$1.23M	0.33%	73
2014 Q1	$5.85M	Sell	180,706 -96,374	-35%	-$3.14M	0.3%	77
2013 Q4	$9.26M	Buy	277,080 +58,896	+27%	+$1.87M	0.51%	65
2013 Q3	$6.61M	Buy	218,184 +32,058	+17%	+$951K	0.41%	72
2013 Q2	$5.25M	Buy	+186,126	New	+$5.15M	0.36%	76