Global Endowment Management’s State Street Utilities Select Sector SPDR ETF XLU Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2022 Q3	–	Sell	-20,000	Closed	-$701K	–	126
2022 Q2	$701K	Sell	20,000 -20,760	-51%	-$752K	0.06%	93
2022 Q1	$1.52M	Hold	40,760	–	–	0.11%	71
2021 Q4	$1.46M	Buy	40,760 +9,760	+31%	+$329K	0.11%	70
2021 Q3	$990K	Hold	31,000	–	–	0.07%	83
2021 Q2	$980K	Hold	31,000	–	–	0.06%	84
2021 Q1	$993K	Hold	31,000	–	–	0.06%	82
2020 Q4	$972K	Hold	31,000	–	–	0.06%	81
2020 Q3	$920K	Buy	+31,000	New	+$920K	0.07%	70
2019 Q2	–	Sell	-65,300	Closed	-$1.9M	–	223
2019 Q1	$1.9M	Hold	65,300	–	–	0.27%	54
2018 Q4	$1.73M	Sell	65,300 -74,700	-53%	-$2.03M	0.37%	29
2018 Q3	$3.69M	Sell	140,000 -56,600	-29%	-$1.5M	0.49%	42
2018 Q2	$5.11M	Hold	196,600	–	–	0.67%	40
2018 Q1	$4.97M	Buy	196,600 +82,600	+72%	+$2.06M	0.72%	20
2017 Q4	$3M	Hold	114,000	–	–	0.44%	45
2017 Q3	$3.02M	Hold	114,000	–	–	0.43%	52
2017 Q2	$2.96M	Hold	114,000	–	–	0.4%	56
2017 Q1	$2.92M	Hold	114,000	–	–	0.43%	44
2016 Q4	$2.77M	Sell	114,000 -12,000	-10%	-$287K	0.43%	46
2016 Q3	$3.09M	Sell	126,000 -34,000	-21%	-$863K	0.51%	42
2016 Q2	$4.2M	Hold	160,000	–	–	0.9%	20
2016 Q1	$3.97M	Buy	160,000 +49,200	+44%	+$1.14M	0.85%	21
2015 Q4	$2.4M	Hold	110,800	–	–	0.44%	54
2015 Q3	$2.4M	Hold	110,800	–	–	0.36%	85
2015 Q2	$2.3M	Hold	110,800	–	–	0.32%	100
2015 Q1	$2.46M	Buy	110,800 +66,000	+147%	+$1.52M	0.39%	87
2014 Q4	$1.06M	Sell	44,800 -100,000	-69%	-$2.26M	0.18%	142
2014 Q3	$3.05M	Hold	144,800	–	–	0.47%	73
2014 Q2	$3.2M	Hold	144,800	–	–	0.49%	73
2014 Q1	$3M	Hold	144,800	–	–	0.47%	79
2013 Q4	$2.75M	Sell	144,800 -13,200	-8%	-$253K	0.55%	52
2013 Q3	$2.95M	Sell	158,000 -18,132	-10%	-$345K	0.74%	31
2013 Q2	$3.31M	Buy	+176,132	New	+$3.45M	0.92%	22