Long Pond Capital’s State Street SPDR S&P 500 ETF Trust SPY Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q4	–	Sell	-800,000	Closed	-$237M	–	43
2019 Q3	$237M	Sell	800,000 -100,000	-11%	-$29.5M	6.2%	4
2019 Q2	$264M	Buy	+900,000	New	+$259M	7.92%	3
2018 Q4	–	Sell	-650,000	Closed	-$189M	–	44
2018 Q3	$189M	Sell	650,000 -250,000	-28%	-$71.2M	4.93%	6
2018 Q2	$244M	Sell	900,000 -100,000	-10%	-$27M	5.38%	7
2018 Q1	$263M	Buy	+1,000,000	New	+$273M	6.69%	4
2017 Q3	–	Sell	-500,000	Closed	-$121M	–	30
2017 Q2	$121M	Buy	+500,000	New	+$120M	4.64%	10
2015 Q3	–	Sell	-1,000,000	Closed	-$206M	–	43
2015 Q2	$206M	Buy	+1,000,000	New	+$210M	7.53%	3