Dialectic Capital Management’s SPDR Gold Trust GLD Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q1	–	Sell	-50,000	Closed	-$5.48M	–	69
2016 Q4	$5.48M	Hold	50,000	–	–	4.62%	9
2016 Q3	$6.28M	Sell	50,000 -35,000	-41%	-$4.46M	5.32%	5
2016 Q2	$10.8M	Sell	85,000 -157,400	-65%	-$18.9M	10.21%	5
2016 Q1	$28.5M	Sell	242,400 -57,600	-19%	-$6.53M	16.49%	2
2015 Q4	$30.4M	Sell	300,000 -200,000	-40%	-$21.1M	20.61%	2
2015 Q3	$53.4M	Buy	+500,000	New	+$53.9M	36.66%	1
2015 Q2	–	Sell	-92,900	Closed	-$10.6M	–	230
2015 Q1	$10.6M	Sell	92,900 -59,600	-39%	-$6.97M	4.7%	5
2014 Q4	$17.3M	Buy	152,500 +82,500	+118%	+$9.52M	8.16%	2
2014 Q3	$8.13M	Hold	70,000	–	–	3.81%	9
2014 Q2	$8.96M	Buy	+70,000	New	+$8.7M	5.43%	4
2013 Q3	–	Sell	-728,200	Closed	-$86.7M	–	211
2013 Q2	$86.7M	Buy	+728,200	New	+$99.7M	39.46%	1