Niemann Capital Management’s State Street SPDR S&P Insurance ETF KIE Stock Holding History

Niemann Capital Management’s Portfolio KIE Stock Details KIE Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-640,620	Closed	-$13.5M	–	24
2013 Q4	$13.5M	Sell	640,620 -17,916	-3%	-$361K	9.28%	4
2013 Q3	$12.5M	Sell	658,536 -31,983	-5%	-$599K	8.97%	4
2013 Q2	$12.4M	Buy	+690,519	New	+$12.2M	10.23%	4

Other funds holding KIE

Citigroup New York $235B AUM 32.99% 1-Year Est. Return

Credit Suisse Zurich, Switzerland $104B AUM 34.76% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

MIM

Miller Investment Management West Conshohocken, Pennsylvania $1.01B AUM 13.96% 1-Year Est. Return

FMI

Factory Mutual Insurance Waltham, Massachusetts $10.6B AUM 34.1% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Xponance Philadelphia, Pennsylvania $14.1B AUM 30.11% 1-Year Est. Return

UBS Zurich, Switzerland $136B AUM 16.36% 1-Year Est. Return

Niemann Capital Management's KIE Position: Q1 2014 in Review

Niemann Capital Management sold out of State Street SPDR S&P Insurance ETF (KIE) in Q1 2014, closing a stake of 640,620 shares — an estimated $13.5M sold.

Niemann Capital Management first reported a position in KIE in Q2 2013 and held it in 3 quarters. The position peaked at $13.5M in Q4 2013. 54 funds tracked by Wall St. Rank hold KIE as of Q1 2014.

Niemann Capital Management reported no remaining State Street SPDR S&P Insurance ETF position as of Q1 2014 after selling out during the quarter.
Niemann Capital Management sold 640,620 State Street SPDR S&P Insurance ETF shares in Q1 2014, an estimated $13.5M.
Niemann Capital Management first reported a position in State Street SPDR S&P Insurance ETF in Q2 2013 and held it in 3 quarters.
Niemann Capital Management's State Street SPDR S&P Insurance ETF position peaked at $13.5M in Q4 2013.
54 funds tracked by Wall St. Rank held State Street SPDR S&P Insurance ETF as of Q1 2014.

Based on Niemann Capital Management's 13F filing for Q1 2014, filed 7 May 2014.