Cullen Capital Management’s State Street Real Estate Select Sector SPDR ETF XLRE Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$1.79M	Sell	43,962 -772,367	-95%	-$32.4M	0.02%	110
2025 Q4	$32.9M	Buy	816,329 +809,021	+11,070%	+$33.3M	0.36%	72
2025 Q3	$308K	Sell	7,308 -3,145	-30%	-$132K	﹤0.01%	194
2025 Q2	$433K	Buy	+10,453	New	+$429K	﹤0.01%	168
2025 Q1	–	Sell	-117,959	Closed	-$4.8M	–	221
2024 Q4	$4.8M	Buy	+117,959	New	+$5.1M	0.06%	84
2024 Q3	–	Sell	-285,250	Closed	-$11M	–	222
2024 Q2	$11M	Buy	285,250 +279,956	+5,288%	+$10.5M	0.13%	71
2024 Q1	$209K	Sell	5,294 -469,478	-99%	-$18.3M	﹤0.01%	195
2023 Q4	$19M	Buy	474,772 +439,585	+1,249%	+$15.8M	0.28%	68
2023 Q3	$1.2M	Sell	35,187 -671,001	-95%	-$24.8M	0.01%	103
2023 Q2	$26.6M	Buy	+706,188	New	+$26M	0.24%	89
2023 Q1	–	Sell	-254,843	Closed	-$9.41M	–	296
2022 Q4	$9.41M	Buy	254,843 +211,500	+488%	+$7.81M	0.12%	87
2022 Q3	$1.56M	Sell	43,343 -818,062	-95%	-$34.3M	0.02%	171
2022 Q2	$35.2M	Buy	861,405 +855,286	+13,978%	+$38.1M	0.35%	67
2022 Q1	$296K	Sell	6,119 -247,976	-98%	-$11.6M	﹤0.01%	243
2021 Q4	$13.2M	Buy	254,095 +247,893	+3,997%	+$11.9M	0.12%	99
2021 Q3	$276K	Buy	+6,202	New	+$288K	﹤0.01%	236