GEM

Global Endowment Management’s Energy Select Sector SPDR Fund XLE Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2022 Q4	–	Sell	-15,000	Closed	-$1.08M	–	111
2022 Q3	$1.08M	Hold	15,000	–	–	0.11%	69
2022 Q2	$1.07M	Hold	15,000	–	–	0.09%	80
2022 Q1	$1.15M	Sell	15,000 -11,880	-44%	-$908K	0.08%	83
2021 Q4	$1.49M	Buy	26,880 +13,380	+99%	+$743K	0.11%	66
2021 Q3	$703K	Hold	13,500	–	–	0.05%	93
2021 Q2	$727K	Hold	13,500	–	–	0.04%	92
2021 Q1	$662K	Buy	13,500 +2,000	+17%	+$98.1K	0.04%	90
2020 Q4	$436K	Hold	11,500	–	–	0.03%	95
2020 Q3	$344K	Sell	11,500 -11,800	-51%	-$353K	0.03%	99
2020 Q2	$882K	Buy	+23,300	New	+$882K	0.07%	59
2017 Q2	–	Sell	-10,000	Closed	-$699K	–	269
2017 Q1	$699K	Buy	10,000 +1,000	+11%	+$69.9K	0.1%	128
2016 Q4	$678K	Hold	9,000	–	–	0.11%	122
2016 Q3	$635K	Sell	9,000 -9,600	-52%	-$677K	0.11%	114
2016 Q2	$1.27M	Hold	18,600	–	–	0.27%	51
2016 Q1	$1.15M	Hold	18,600	–	–	0.25%	60
2015 Q4	$1.13M	Hold	18,600	–	–	0.21%	84
2015 Q3	$1.14M	Hold	18,600	–	–	0.17%	123
2015 Q2	$1.4M	Hold	18,600	–	–	0.19%	137
2015 Q1	$1.44M	Hold	18,600	–	–	0.23%	119
2014 Q4	$1.47M	Sell	18,600 -8,800	-32%	-$696K	0.25%	123
2014 Q3	$2.48M	Hold	27,400	–	–	0.38%	93
2014 Q2	$2.74M	Hold	27,400	–	–	0.42%	81
2014 Q1	$2.44M	Buy	27,400 +5,505	+25%	+$490K	0.38%	98
2013 Q4	$1.94M	Hold	21,895	–	–	0.39%	104
2013 Q3	$1.82M	Hold	21,895	–	–	0.45%	71
2013 Q2	$1.72M	Buy	+21,895	New	+$1.72M	0.48%	80