GEM

Global Endowment Management’s The Communication Services Select Sector SPDR Fund XLC Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2025 Q2	$868K	Sell	8,000 -2,000	-20%	-$217K	0.12%	55
2025 Q1	$965K	Hold	10,000	–	–	0.13%	57
2024 Q4	$968K	Hold	10,000	–	–	0.12%	72
2024 Q3	$904K	Hold	10,000	–	–	0.09%	83
2024 Q2	$857K	Hold	10,000	–	–	0.09%	81
2024 Q1	$817K	Hold	10,000	–	–	0.09%	87
2023 Q4	$727K	Hold	10,000	–	–	0.08%	87
2023 Q3	$656K	Hold	10,000	–	–	0.07%	93
2023 Q2	$651K	Hold	10,000	–	–	0.08%	60
2023 Q1	$580K	Hold	10,000	–	–	0.06%	77
2022 Q4	$480K	Hold	10,000	–	–	0.05%	84
2022 Q3	$479K	Sell	10,000 -10,000	-50%	-$479K	0.05%	94
2022 Q2	$1.09M	Hold	20,000	–	–	0.1%	79
2022 Q1	$1.38M	Buy	20,000 +9,090	+83%	+$625K	0.1%	75
2021 Q4	$847K	Hold	10,910	–	–	0.06%	91
2021 Q3	$874K	Hold	10,910	–	–	0.06%	89
2021 Q2	$883K	Hold	10,910	–	–	0.05%	87
2021 Q1	$800K	Hold	10,910	–	–	0.05%	85
2020 Q4	$736K	Sell	10,910 -8,890	-45%	-$600K	0.05%	86
2020 Q3	$1.18M	Hold	19,800	–	–	0.09%	62
2020 Q2	$1.07M	Sell	19,800 -4,670	-19%	-$252K	0.08%	52
2020 Q1	$1.08M	Buy	24,470 +2,725	+13%	+$121K	0.1%	46
2019 Q4	$1.17M	Buy	21,745 +1,845	+9%	+$98.9K	0.08%	56
2019 Q3	$985K	Buy	19,900 +6,240	+46%	+$309K	0.09%	45
2019 Q2	$672K	Sell	13,660 -5,660	-29%	-$278K	0.06%	86
2019 Q1	$904K	Buy	19,320 +3,530	+22%	+$165K	0.13%	123
2018 Q4	$652K	Buy	15,790 +1,790	+13%	+$73.9K	0.14%	76
2018 Q3	$686K	Buy	14,000 +4,700	+51%	+$230K	0.09%	125
2018 Q2	$461K	Buy	+9,300	New	+$461K	0.06%	157