Graham Capital Management’s State Street SPDR S&P Metals & Mining ETF XME Stock Holding History

Graham Capital Management’s Portfolio XME Stock Details XME Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$4.86M	Buy	+45,000	New	+$5.26M	0.16%	132
2025 Q4	–	Sell	-40,000	Closed	-$3.73M	–	1642
2025 Q3	$3.73M	Sell	40,000 -50,000	-56%	-$3.99M	0.14%	141
2025 Q2	$6.05M	Sell	90,000 -52,000	-37%	-$3.09M	0.18%	116
2025 Q1	$7.95M	Buy	+142,000	New	+$8.34M	0.25%	79
2024 Q2	–	Sell	-155,000	Closed	-$9.34M	–	1423
2024 Q1	$9.34M	Buy	155,000 +131,500	+560%	+$7.51M	0.27%	79
2023 Q4	$1.41M	Buy	+23,500	New	+$1.24M	0.04%	292
2023 Q2	–	Sell	-67,700	Closed	-$3.6M	–	1347
2023 Q1	$3.6M	Buy	+67,700	New	+$3.68M	0.13%	123
2022 Q3	–	Sell	-55,000	Closed	-$2.39M	–	1358
2022 Q2	$2.39M	Sell	55,000 -70,000	-56%	-$3.8M	0.11%	157
2022 Q1	$7.66M	Buy	125,000 +66,900	+115%	+$3.41M	0.34%	43
2021 Q4	$2.6M	Buy	58,100 +33,400	+135%	+$1.46M	0.15%	55
2021 Q3	$1.03M	Sell	24,700 -166,592	-87%	-$7.2M	0.06%	97
2021 Q2	$8.24M	Buy	191,292 +86,292	+82%	+$3.75M	0.44%	46
2021 Q1	$4.19M	Buy	+105,000	New	+$3.86M	0.21%	89
2019 Q4	–	Sell	-135,000	Closed	-$3.44M	–	116
2019 Q3	$3.44M	Buy	+135,000	New	+$3.61M	0.24%	73
2019 Q2	–	Sell	-150,000	Closed	-$4.45M	–	115
2019 Q1	$4.45M	Buy	+150,000	New	+$4.45M	0.43%	46
2018 Q1	–	Sell	-400,000	Closed	-$14.5M	–	151
2017 Q4	$14.5M	Buy	+400,000	New	+$13M	1.44%	23
2017 Q3	–	Hold	0	–	–	–	96
2017 Q2	–	Sell	-150,000	Closed	-$4.56M	–	124
2017 Q1	$4.56M	Buy	+150,000	New	+$4.84M	0.46%	38
2016 Q4	–	Sell	-125,000	Closed	-$3.31M	–	118
2016 Q3	$3.31M	Hold	125,000	–	–	0.34%	66
2016 Q2	$3.05M	Sell	125,000 -125,000	-50%	-$2.81M	0.35%	66
2016 Q1	$5.12M	Buy	+250,000	New	+$4.04M	0.72%	53
2013 Q4	–	Sell	-54,989	Closed	-$2.01M	–	149
2013 Q3	$2.01M	Buy	54,989 +38,182	+227%	+$1.38M	0.22%	89
2013 Q2	$557K	Buy	+16,807	New	+$618K	0.07%	74