Gladstone Institutional Advisory’s State Street US Sector Rotation ETF XLSR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$1.09M	Sell	18,860 -684	-3%	-$41.7K	0.04%	358
2025 Q4	$1.22M	Buy	19,544 +4,605	+31%	+$283K	0.05%	333
2025 Q3	$891K	Buy	14,939 +679	+5%	+$38.7K	0.03%	389
2025 Q2	$783K	Sell	14,260 -1,014	-7%	-$51.8K	0.03%	393
2025 Q1	$775K	Buy	15,274 +544	+4%	+$29.1K	0.04%	377
2024 Q4	$787K	Buy	14,730 +3,460	+31%	+$185K	0.04%	372
2024 Q3	$584K	Sell	11,270 -2,425	-18%	-$122K	0.03%	414
2024 Q2	$697K	Buy	13,695 +1,950	+17%	+$96.2K	0.04%	363
2024 Q1	$586K	Buy	11,745 +3,230	+38%	+$154K	0.03%	379
2023 Q4	$390K	Buy	8,515 +2,650	+45%	+$114K	0.02%	466
2023 Q3	$242K	Buy	+5,865	New	+$253K	0.02%	536
2022 Q3	–	Sell	-5,735	Closed	-$218K	–	686
2022 Q2	$218K	Sell	5,735 -1,208	-17%	-$50.1K	0.02%	592
2022 Q1	$314K	Buy	6,943 +699	+11%	+$31.2K	0.02%	536
2021 Q4	$293K	Buy	+6,244	New	+$291K	0.02%	482