Hovde Capital Advisors’s Financial Select Sector SPDR Fund XLF Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2013 Q3	–	Sell	-82,816	Closed	-$1.41M	–	18
2013 Q2	$1.41M	Buy	+82,816	New	+$1.41M	2.05%	4