Ghost Tree 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
2022 Q2	–	Sell	-500,000	Closed	-$226M	–	43
2022 Q1	$226M	Buy	+500,000	New	+$223M	49.01%	1
2020 Q3	–	Sell	-65,000	Closed	-$20M	–	56
2020 Q2	$20M	Sell	65,000 -81,700	-56%	-$23.9M	5.29%	3
2020 Q1	$37.8M	Sell	146,700 -53,300	-27%	-$16.3M	10.03%	2
2019 Q4	$64.4M	Buy	200,000 +100,000	+100%	+$30.8M	12.26%	1
2019 Q3	$29.7M	Buy	+100,000	New	+$29.5M	7.56%	2
2017 Q2	–	Sell	-100,000	Closed	-$23.6M	–	76
2017 Q1	$23.6M	Buy	+100,000	New	+$23.2M	4.39%	3
2016 Q3	–	Sell	-100,000	Closed	-$20.9M	–	97
2016 Q2	$20.9M	Buy	+100,000	New	+$20.7M	6.05%	3
2014 Q3	–	Sell	-75,000	Closed	-$14.7M	–	81
2014 Q2	$14.7M	Buy	+75,000	New	+$14.3M	10.35%	1