Gladstone Institutional Advisory’s State Street SPDR Portfolio Long Term Treasury ETF SPTL Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-10,306	Closed	-$273K	–	883
2025 Q4	$273K	Sell	10,306 -6,115	-37%	-$165K	0.01%	667
2025 Q3	$443K	Sell	16,421 -7,965	-33%	-$210K	0.02%	548
2025 Q2	$648K	Sell	24,386 -45,008	-65%	-$1.18M	0.03%	432
2025 Q1	$1.89M	Sell	69,394 -74,301	-52%	-$1.98M	0.09%	236
2024 Q4	$3.76M	Sell	143,695 -1,571	-1%	-$43K	0.17%	134
2024 Q3	$4.22M	Sell	145,266 -25,223	-15%	-$720K	0.21%	119
2024 Q2	$4.64M	Sell	170,489 -564	-0.3%	-$15.2K	0.24%	112
2024 Q1	$4.78M	Sell	171,053 -8,415	-5%	-$235K	0.26%	102
2023 Q4	$5.21M	Buy	179,468 +12,906	+8%	+$344K	0.29%	87
2023 Q3	$4.36M	Buy	166,562 +1,376	+0.8%	+$38.7K	0.28%	93
2023 Q2	$4.94M	Buy	165,186 +12,532	+8%	+$379K	0.3%	86
2023 Q1	$4.71M	Buy	152,654 +132,821	+670%	+$4.03M	0.31%	88
2022 Q4	$576K	Sell	19,833 -12,663	-39%	-$371K	0.04%	369
2022 Q3	$963K	Buy	32,496 +12,092	+59%	+$393K	0.08%	273
2022 Q2	$675K	Buy	20,404 +4,592	+29%	+$156K	0.05%	346
2022 Q1	$598K	Buy	+15,812	New	+$623K	0.04%	389
2020 Q2	–	Sell	-15,165	Closed	-$716K	–	295
2020 Q1	$716K	Buy	+15,165	New	+$648K	0.18%	114