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

Espalier Global 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 Q2	–	Sell	-2,375,000	Closed	-$488M	–	61
2016 Q1	$488M	Buy	2,375,000 +2,250,000	+1,800%	+$439M	64.67%	1
2015 Q4	$25.5M	Sell	125,000 -125,000	-50%	-$25.7M	6.53%	3
2015 Q3	$47.9M	Sell	250,000 -240,000	-49%	-$48.7M	7.73%	4
2015 Q2	$101M	Sell	490,000 -760,000	-61%	-$160M	16.41%	2
2015 Q1	$258M	Buy	1,250,000 +1,000,000	+400%	+$206M	26.22%	1
2014 Q4	$51.4M	Sell	250,000 -2,250,000	-90%	-$452M	8.55%	2
2014 Q3	$493M	Buy	2,500,000 +1,500,000	+150%	+$297M	26.24%	1
2014 Q2	$196M	Sell	1,000,000 -2,750,000	-73%	-$523M	15.14%	1
2014 Q1	$701M	Buy	3,750,000 +3,250,000	+650%	+$596M	39.13%	1
2013 Q4	$92.3M	Buy	500,000 +300,000	+150%	+$53.1M	8.86%	1
2013 Q3	$33.6M	Sell	200,000 -1,373,600	-87%	-$230M	3.57%	3
2013 Q2	$252M	Buy	+1,573,600	New	+$253M	17.74%	1

Other funds holding SPY

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

Bridgewater Associates Westport, Connecticut $22.4B AUM 34.48% 1-Year Est. Return

TD Asset Management Toronto, Ontario, Canada $123B AUM 34.51% 1-Year Est. Return

Ameriprise Minneapolis, Minnesota $432B AUM 30.22% 1-Year Est. Return

Espalier Global Management's SPY Position: Q4 2016 in Review

Espalier Global Management sold out of State Street SPDR S&P 500 ETF Trust (SPY) in Q4 2016, closing a stake of 300,000 shares — an estimated $64.9M sold.

Espalier Global Management first reported a position in SPY in Q3 2016 and held it in 1 quarter. The position peaked at $64.9M in Q3 2016. 1,654 funds tracked by Wall St. Rank hold SPY as of Q4 2016.

Espalier Global Management reported no remaining State Street SPDR S&P 500 ETF Trust position as of Q4 2016 after selling out during the quarter.
Espalier Global Management sold 300,000 State Street SPDR S&P 500 ETF Trust shares in Q4 2016, an estimated $64.9M.
Espalier Global Management first reported a position in State Street SPDR S&P 500 ETF Trust in Q3 2016 and held it in 1 quarter.
Espalier Global Management's State Street SPDR S&P 500 ETF Trust position peaked at $64.9M in Q3 2016.
1,654 funds tracked by Wall St. Rank held State Street SPDR S&P 500 ETF Trust as of Q4 2016.

Based on Espalier Global Management's 13F filing for Q4 2016.