L. Roy Papp & Associates’s State Street SPDR S&P Oil & Gas Exploration & Production ETF XOP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q4	–	Sell	-1,209	Closed	-$209K	–	158
2018 Q3	$209K	Hold	1,209	–	–	0.04%	155
2018 Q2	$208K	Buy	+1,209	New	+$195K	0.04%	154
2017 Q2	–	Sell	-1,359	Closed	-$203K	–	159
2017 Q1	$203K	Sell	1,359 -122	-8%	-$19K	0.05%	136
2016 Q4	$245K	Sell	1,481 -15	-1%	-$2.35K	0.06%	140
2016 Q3	$230K	Hold	1,496	–	–	0.05%	137
2016 Q2	$208K	Buy	+1,496	New	+$205K	0.05%	147
2015 Q4	–	Sell	-3,203	Closed	-$421K	–	144
2015 Q3	$421K	Buy	3,203 +77	+2%	+$11.7K	0.1%	108
2015 Q2	$583K	Sell	3,126 -150	-5%	-$30.6K	0.13%	102
2015 Q1	$677K	Hold	3,276	–	–	0.15%	96
2014 Q4	$627K	Buy	3,276 +2,020	+161%	+$449K	0.14%	98
2014 Q3	$346K	Hold	1,256	–	–	0.08%	119
2014 Q2	$413K	Hold	1,256	–	–	0.09%	111
2014 Q1	$361K	Hold	1,256	–	–	0.08%	115
2013 Q4	$344K	Hold	1,256	–	–	0.07%	118
2013 Q3	$331K	Hold	1,256	–	–	0.08%	116
2013 Q2	$292K	Buy	+1,256	New	+$297K	0.07%	117