Gladstone Institutional Advisory’s State Street SPDR MSCI ACWI ex-US ETF CWI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$387K	Hold	10,582	–	–	0.01%	596
2025 Q4	$380K	Hold	10,582	–	–	0.01%	568
2025 Q3	$370K	Hold	10,582	–	–	0.01%	593
2025 Q2	$346K	Buy	10,582 +599	+6%	+$18.4K	0.01%	580
2025 Q1	$295K	Hold	9,983	–	–	0.01%	592
2024 Q4	$279K	Buy	+9,983	New	+$292K	0.01%	607
2022 Q3	–	Sell	-11,777	Closed	-$280K	–	638
2022 Q2	$280K	Sell	11,777 -1,688	-13%	-$43.1K	0.02%	521
2022 Q1	$371K	Sell	13,465 -204	-1%	-$5.74K	0.03%	501
2021 Q4	$401K	Buy	13,669 +5,910	+76%	+$174K	0.03%	424
2021 Q3	$225K	Buy	+7,759	New	+$232K	0.02%	492
2020 Q3	–	Sell	-22,673	Closed	-$514K	–	276
2020 Q2	$514K	Sell	22,673 -23,324	-51%	-$499K	0.13%	127
2020 Q1	$907K	Buy	45,997 +13,092	+40%	+$309K	0.23%	90
2019 Q4	$848K	Sell	32,905 -667	-2%	-$16.7K	0.21%	99
2019 Q3	$807K	Sell	33,572 -1,774	-5%	-$42.4K	0.21%	98
2019 Q2	$864K	Buy	35,346 +6,934	+24%	+$168K	0.26%	84
2019 Q1	$686K	Buy	+28,412	New	+$666K	0.25%	88