GAM Holding’s State Street Consumer Discretionary Select Sector SPDR ETF XLY Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-80,000	Closed	-$3.2M	–	1065
2016 Q3	$3.2M	Hold	80,000	–	–	0.06%	352
2016 Q2	$3.12M	Hold	80,000	–	–	0.05%	407
2016 Q1	$3.16M	Hold	80,000	–	–	0.05%	363
2015 Q4	$3.13M	Hold	80,000	–	–	0.05%	385
2015 Q3	$2.97M	Hold	80,000	–	–	0.05%	369
2015 Q2	$3.06M	Hold	80,000	–	–	0.04%	406
2015 Q1	$3M	Hold	80,000	–	–	0.05%	407
2014 Q4	$2.89M	Hold	80,000	–	–	0.04%	411
2014 Q3	$2.67M	Sell	80,000 -20,000	-20%	-$676K	0.04%	427
2014 Q2	$3.34M	Sell	100,000 -20,000	-17%	-$649K	0.05%	377
2014 Q1	$3.88M	Hold	120,000	–	–	0.06%	341
2013 Q4	$4.01M	Hold	120,000	–	–	0.07%	302
2013 Q3	$3.64M	Sell	120,000 -40,000	-25%	-$1.19M	0.07%	333
2013 Q2	$4.51M	Buy	+160,000	New	+$4.43M	0.1%	249