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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-2,065,000	Closed	-$1.38B	–	46
2025 Q3	$1.38B	Sell	2,065,000 -170,000	-8%	-$109M	16.68%	1
2025 Q2	$1.38B	Buy	+2,235,000	New	+$1.28B	16.62%	1
2024 Q4	–	Sell	-890,000	Closed	-$511M	–	57
2024 Q3	$511M	Buy	+890,000	New	+$492M	7.2%	1
2023 Q2	–	Sell	-2,720,000	Closed	-$1.11B	–	72
2023 Q1	$1.11B	Buy	+2,720,000	New	+$1.09B	15.82%	1
2022 Q2	–	Sell	-5,716,600	Closed	-$2.58B	–	68
2022 Q1	$2.58B	Sell	5,716,600 -217,100	-4%	-$96.7M	29.27%	1
2021 Q4	$2.82B	Buy	+5,933,700	New	+$2.72B	26.8%	1
2021 Q1	–	Sell	-2,800,000	Closed	-$1.05B	–	85
2020 Q4	$1.05B	Sell	2,800,000 -4,487,500	-62%	-$1.59B	9.81%	1
2020 Q3	$2.44B	Buy	7,287,500 +2,987,500	+69%	+$990M	23.92%	1
2020 Q2	$1.33B	Buy	+4,300,000	New	+$1.26B	13.15%	1