Monarch Alternative 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
2026 Q1	$524M	Buy	+805,000	New	+$547M	32.1%	1
2025 Q2	–	Sell	-1,575,000	Closed	-$881M	–	6
2025 Q1	$881M	Buy	+1,575,000	New	+$926M	67.76%	1
2023 Q3	–	Sell	-1,400,000	Closed	-$621M	–	5
2023 Q2	$621M	Buy	+1,400,000	New	+$588M	60.84%	1
2021 Q1	–	Sell	-250,000	Closed	-$93.5M	–	12
2020 Q4	$93.5M	Sell	250,000 -1,300,000	-84%	-$461M	10.78%	2
2020 Q3	$519M	Sell	1,550,000 -650,000	-30%	-$215M	88.35%	1
2020 Q2	$678M	Sell	2,200,000 -3,475,000	-61%	-$1.02B	91.92%	1
2020 Q1	$1.46B	Buy	5,675,000 +3,852,500	+211%	+$1.18B	98.55%	1
2019 Q4	$587M	Sell	1,822,500 -755,500	-29%	-$233M	66.04%	1
2019 Q3	$765M	Buy	2,578,000 +1,166,900	+83%	+$345M	66.8%	1
2019 Q2	$413M	Sell	1,411,100 -1,674,400	-54%	-$482M	51.22%	1
2019 Q1	$872M	Buy	3,085,500 +385,500	+14%	+$105M	61.32%	1
2018 Q4	$675M	Buy	2,700,000 +254,500	+10%	+$68.6M	38.3%	2
2018 Q3	$711M	Sell	2,445,500 -144,500	-6%	-$41.1M	45.52%	1
2018 Q2	$11.1M	Buy	2,590,000 +377,400	+17%	+$102M	1.76%	6
2018 Q1	$582M	Sell	2,212,600 -359,600	-14%	-$98.1M	47.42%	1
2017 Q4	$686M	Sell	2,572,200 -1,711,100	-40%	-$445M	68.56%	1
2017 Q3	$1.08B	Buy	4,283,300 +1,092,600	+34%	+$269M	73.03%	1
2017 Q2	$772M	Buy	3,190,700 +94,100	+3%	+$22.6M	69.43%	1
2017 Q1	$730M	Buy	+3,096,600	New	+$720M	72.18%	1