Dialectic Capital Management’s State Street SPDR S&P 500 ETF Trust SPY Stock Holding History

Dialectic Capital Management’s Portfolio SPY Stock Details SPY Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q3	–	Sell	-400,000	Closed	-$83.8M	–	121
2016 Q2	$83.8M	Buy	+400,000	New	+$83M	27.66%	1
2016 Q1	–	Sell	-190,000	Closed	-$38.7M	–	146
2015 Q4	$38.7M	Buy	+190,000	New	+$39M	11.15%	1
2015 Q2	–	Sell	-305,500	Closed	-$63.1M	–	243
2015 Q1	$63.1M	Buy	305,500 +205,500	+206%	+$42.4M	10.97%	1
2014 Q4	$20.6M	Buy	+100,000	New	+$20.1M	3.88%	1
2014 Q2	–	Sell	-110,000	Closed	-$20.6M	–	204
2014 Q1	$20.6M	Buy	+110,000	New	+$20.2M	6.8%	1

Other funds holding SPY

JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Wells Fargo San Francisco, California $617B AUM 30.33% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Citigroup New York $303B AUM 53.02% 1-Year Est. Return

BNP Paribas Financial Markets Paris, France $289B AUM 60.46% 1-Year Est. Return

Bridgewater Associates Westport, Connecticut $24.4B AUM 40.93% 1-Year Est. Return

Allianz Asset Management Munich, Germany $112B AUM 36.28% 1-Year Est. Return

Dialectic Capital Management's SPY Position: Q2 2016 in Review

Dialectic Capital Management sold out of State Street SPDR S&P 500 ETF Trust (SPY) in Q2 2016, closing a stake of 156,400 shares — an estimated $32.5M sold.

Dialectic Capital Management first reported a position in SPY in Q1 2014 and held it in 5 quarters. The position peaked at $32.1M in Q1 2016. 1,499 funds tracked by Wall St. Rank hold SPY as of Q2 2016.

Dialectic Capital Management reported no remaining State Street SPDR S&P 500 ETF Trust position as of Q2 2016 after selling out during the quarter.
Dialectic Capital Management sold 156,400 State Street SPDR S&P 500 ETF Trust shares in Q2 2016, an estimated $32.5M.
Dialectic Capital Management first reported a position in State Street SPDR S&P 500 ETF Trust in Q1 2014 and held it in 5 quarters.
Dialectic Capital Management's State Street SPDR S&P 500 ETF Trust position peaked at $32.1M in Q1 2016.
1,499 funds tracked by Wall St. Rank held State Street SPDR S&P 500 ETF Trust as of Q2 2016.

Based on Dialectic Capital Management's 13F filing for Q2 2016, filed 15 Aug 2016.