Factory Mutual Insurance’s State Street SPDR S&P Biotech ETF XBI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q3	–	Sell	-115,000	Closed	-$10.9M	–	157
2018 Q2	$10.9M	Sell	115,000 -38,000	-25%	-$3.49M	0.12%	143
2018 Q1	$13.4M	Sell	153,000 -42,000	-22%	-$3.83M	0.15%	137
2017 Q4	$16.6M	Hold	195,000	–	–	0.17%	135
2017 Q3	$16.9M	Sell	195,000 -41,000	-17%	-$3.29M	0.19%	131
2017 Q2	$18.2M	Sell	236,000 -83,900	-26%	-$5.95M	0.21%	124
2017 Q1	$22.2M	Hold	319,900	–	–	0.26%	113
2016 Q4	$18.9M	Buy	319,900 +100,000	+45%	+$6.17M	0.22%	127
2016 Q3	$14.6M	Hold	219,900	–	–	0.18%	135
2016 Q2	$11.9M	Hold	219,900	–	–	0.16%	134
2016 Q1	$11.4M	Hold	219,900	–	–	0.15%	146
2015 Q4	$15.4M	Sell	219,900 -34,500	-14%	-$2.35M	0.21%	133
2015 Q3	$15.8M	Hold	254,400	–	–	0.22%	130
2015 Q2	$21.4M	Hold	254,400	–	–	0.28%	121
2015 Q1	$19.1M	Hold	254,400	–	–	0.25%	129
2014 Q4	$15.8M	Hold	254,400	–	–	0.21%	132
2014 Q3	$13.2M	Buy	254,400 +34,500	+16%	+$1.76M	0.18%	132
2014 Q2	$11.3M	Hold	219,900	–	–	0.15%	141
2014 Q1	$10.4M	Hold	219,900	–	–	0.15%	134
2013 Q4	$9.54M	Hold	219,900	–	–	0.14%	135
2013 Q3	$9.47M	Hold	219,900	–	–	0.15%	132
2013 Q2	$7.64M	Buy	+219,900	New	+$7.73M	0.13%	136