Gruss Capital Management’s State Street Financial Select Sector SPDR ETF XLF Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q4	–	Sell	-1,400,000	Closed	-$38.6M	–	13
2018 Q3	$38.6M	Buy	+1,400,000	New	+$39.2M	5.4%	7
2018 Q2	–	Sell	-500,000	Closed	-$13.8M	–	32
2018 Q1	$13.8M	Sell	500,000 -500,000	-50%	-$14.4M	1.37%	20
2017 Q4	$27.9M	Sell	1,000,000 -250,000	-20%	-$6.73M	2.24%	16
2017 Q3	$32.3M	Buy	+1,250,000	New	+$31.2M	2.8%	12
2017 Q1	–	Sell	-9,500,000	Closed	-$221M	–	50
2016 Q4	$221M	Sell	9,500,000 -2,500,000	-21%	-$53.6M	5.27%	9
2016 Q3	$232M	Sell	12,000,000 -1,669,752	-12%	-$34.4M	6.42%	4
2016 Q2	$274M	Sell	13,669,752 -3,987,011	-23%	-$80.7M	8.84%	5
2016 Q1	$349M	Buy	17,656,763 +16,517,617	+1,450%	+$315M	11.01%	3
2015 Q4	$23.8M	Buy	+1,139,146	New	+$24M	0.77%	31
2015 Q3	–	Sell	-8,327,157	Closed	-$178M	–	89
2015 Q2	$178M	Buy	8,327,157 +1,082,188	+15%	+$23.4M	6.31%	3
2015 Q1	$153M	Sell	7,244,969 -273,395	-4%	-$5.78M	6.31%	3
2014 Q4	$163M	Buy	+7,518,364	New	+$157M	4.67%	3