Gladstone Institutional Advisory’s State Street Industrial Select Sector SPDR ETF XLI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$9.54M	Sell	59,002 -16,201	-22%	-$2.72M	0.35%	58
2025 Q4	$11.7M	Sell	75,203 -10,816	-13%	-$1.66M	0.44%	49
2025 Q3	$13.3M	Buy	86,019 +2,405	+3%	+$364K	0.51%	40
2025 Q2	$12.3M	Buy	83,614 +6,707	+9%	+$915K	0.51%	41
2025 Q1	$10.1M	Buy	76,907 +7,973	+12%	+$1.08M	0.47%	44
2024 Q4	$9.08M	Buy	68,934 +4,408	+7%	+$608K	0.42%	48
2024 Q3	$8.74M	Buy	64,526 +22,492	+54%	+$2.86M	0.43%	56
2024 Q2	$5.12M	Buy	42,034 +215	+0.5%	+$26.5K	0.27%	98
2024 Q1	$5.27M	Buy	41,819 +3,642	+10%	+$429K	0.29%	91
2023 Q4	$4.35M	Sell	38,177 -13,762	-26%	-$1.44M	0.24%	108
2023 Q3	$5.27M	Buy	51,939 +10,018	+24%	+$1.07M	0.34%	74
2023 Q2	$4.5M	Buy	41,921 +3,206	+8%	+$323K	0.27%	96
2023 Q1	$3.92M	Sell	38,715 -12,169	-24%	-$1.22M	0.25%	111
2022 Q4	$5M	Buy	50,884 +21,061	+71%	+$2.01M	0.35%	71
2022 Q3	$2.47M	Buy	29,823 +3,017	+11%	+$278K	0.19%	135
2022 Q2	$2.34M	Sell	26,806 -7,859	-23%	-$741K	0.19%	141
2022 Q1	$3.57M	Buy	34,665 +20,017	+137%	+$2.03M	0.24%	111
2021 Q4	$1.55M	Buy	14,648 +2,991	+26%	+$311K	0.12%	219
2021 Q3	$1.14M	Buy	11,657 +2,333	+25%	+$240K	0.11%	213
2021 Q2	$955K	Buy	9,324 +3,457	+59%	+$354K	0.11%	195
2021 Q1	$578K	Buy	+5,867	New	+$537K	0.09%	216
2020 Q3	–	Sell	-3,173	Closed	-$218K	–	302
2020 Q2	$218K	Sell	3,173 -2,031	-39%	-$132K	0.06%	208
2020 Q1	$308K	Buy	5,204 +582	+13%	+$43.9K	0.08%	186
2019 Q4	$376K	Sell	4,622 -767	-14%	-$61.2K	0.09%	166
2019 Q3	$419K	Sell	5,389 -1,788	-25%	-$137K	0.11%	167
2019 Q2	$556K	Sell	7,177 -2,199	-23%	-$167K	0.17%	125
2019 Q1	$703K	Sell	9,376 -625	-6%	-$45.2K	0.26%	86
2018 Q4	$644K	Buy	+10,001	New	+$709K	0.38%	65