Naples Global Advisors’s State Street SPDR MSCI USA StrategicFactors ETF QUS Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$828K	Hold	4,825	–	–	0.06%	256
2025 Q4	$840K	Hold	4,825	–	–	0.06%	257
2025 Q3	$826K	Hold	4,825	–	–	0.06%	258
2025 Q2	$787K	Sell	4,825 -200	-4%	-$31.1K	0.07%	255
2025 Q1	$787K	Sell	5,025 -360	-7%	-$57.1K	0.07%	243
2024 Q4	$834K	Sell	5,385 -131	-2%	-$20.9K	0.08%	243
2024 Q3	$869K	Buy	5,516 +631	+13%	+$95.9K	0.08%	245
2024 Q2	$720K	Hold	4,885	–	–	0.07%	250
2024 Q1	$711K	Hold	4,885	–	–	0.07%	254
2023 Q4	$645K	Hold	4,885	–	–	0.07%	252
2023 Q3	$590K	Hold	4,885	–	–	0.07%	257
2023 Q2	$601K	Hold	4,885	–	–	0.07%	257
2023 Q1	$566K	Sell	4,885 -31	-0.6%	-$3.51K	0.07%	267
2022 Q4	$542K	Hold	4,916	–	–	0.07%	269
2022 Q3	$499K	Hold	4,916	–	–	0.07%	267
2022 Q2	$531K	Sell	4,916 -8	-0.2%	-$924	0.07%	263
2022 Q1	$614K	Hold	4,924	–	–	0.07%	258
2021 Q4	$643K	Buy	+4,924	New	+$622K	0.07%	254